Rhode Island's average gas price is down 2 cents from last week, averaging $3.40 per gallon. Monday's price is the same as a month ago, and $1.29 higher than December 6, 2020 . Rhode Island's average gas price is 5 cents higher than the national average.
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Rhode Island’s average gas price is down 2 cents from last week, averaging $3.40 per gallon. Monday’s price is the same as a month ago, and $1.29 higher than December 6, 2020 . Rhode Island’s average gas price is 5 cents higher than the national average.
Pump prices fell as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel—a price not seen since August. Also helping to ease upward pricing pressure was the decision by OPEC and its oil-producing allies not to cut production.
“Consumers may be catching a break at the pump right now, but it's not for a very good reason,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast. "A potential COVID-19 induced economic slowdown hurts everyone and could prompt OPEC to slash production if oil prices drop too low."
AAA Northeast’s December 6 survey of fuel prices found the current national average to be 4 cents lower than last week, averaging $3.35 a gallon. Today’s national average price is 7 cents lower than a month ago, and $1.19 higher than this day last year.
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