Rhode Island gas prices remain unchanged

  • Rhode Island gas prices remain unchanged

Rhode Island gas prices remain unchanged

OH drivers continue to see some of the lowest gas prices in the nation, while Kentucky and West Virginia drivers are closer to the national average.

The price watchdog group lists an average retail price for a gallon of regular unleaded gasoline at about $2.26, relatively steady over the last week.

A AAA spokesman said prices should remain steady until they begin their annual rise in the spring as refineries conduct scheduled maintenance and cut production.

States that usually see the largest increase in gas prices during this seasonal spike include Michigan, Ohio, Illinois, Indiana, Wisconsin, Minnesota, Kansas, Oklahoma, Missouri, and Kentucky. Experts predict higher prices in the near future. GasBuddy said the national average jumped 69 cents during late winter and spring past year, from a low of $1.69 to a high of $2.39; in 2015 there was an even larger increase of 78 cents, from a low of $2.03 to a high of $2.81 per gallon. OPEC's cuts are being offset by increases in domestic oil production, high gasoline and oil inventories and a drop in gasoline demand.

Compared to early February 2016, gas prices already are considerably higher.

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Idaho- $2.33 per gallon, down 1.2 cents per gallon from last weeks $2.35 per gallon.

Analysts at GasBuddy expect a gallon of regular gasoline to rise between 35 and 75 cents a gallon, reaching a peak in May.

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