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Rhode Island Gas Prices Up Nineteen Cents; Prices Now At New Record High

Rhode Island’s average gas price is up 19 cents from last week ($4.18), averaging $4.37 per gallon. Today’s price is 34 cents higher than a month ago ($4.03), and $1.49 higher than May 9, 2021 ($2.88). Rhode Island’s average gas price is 5 cents higher than the national average.

Drivers are paying more at the pump—a lot more—as the cost of gasoline moves steadily higher. In the past two weeks, the national average for a gallon of gasoline has risen 20 cents to $4.32, a penny less than the record high set on March 11. The increase is primarily due to the high cost of crude oil, which was hovering near $100 a barrel last week and is now closing in on $110.

“With the cost of oil accounting for more than half of the pump price, more expensive oil means more expensive gasoline,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast. “Locally, prices have now moved past those record high levels of early March.”

AAA Northeast’s May 9 survey of fuel prices found the current national average to be 13 cents higher than last week ($4.19), averaging $4.32 a gallon. Today’s national average price is 20 cents higher a month ago ($4.12), and $1.36 higher than this day last year ($2.96).

Region Current Price* One Week Ago One Month Ago One Year Ago
Rhode Island $4.37 $4.18 $4.03 $2.88
Massachusetts $4.39 $4.21 $4.12 $2.85
Connecticut $4.32 $4.13 $3.93 $3.00

*Prices as of May 9, 2022

The AAA Gas Prices website is your resource for up-to-date fuel price information. Search average gas prices by Regular, Plus, Premium and Diesel on National and State levels, as well as Metro areas.

 

 


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Christian Winthrop
Christian Winthrop
Christian Winthrop is a media publisher and journalist and the founder and editor of Newport Buzz, the leading news platform covering Newport, Rhode Island. He is also the creator of Palm Beach Buzz, expanding the same community-focused journalism model to South Florida. A fifth-generation Newporter, Winthrop previously worked in national politics and later as an entertainment producer in New York City before returning home to launch Newport Buzz in 2011.
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