Higher oil prices have pushed the cost of a gallon of gasoline up ever so slowly in the past week. Midwestern and Gulf Coast states are still seeing gas prices below $3 per gallon, a trend that analysts warn may not last much longer.
“We are in that time of year where pump prices begin to heat up, usually peaking around July,” AAA spokesperson Andrew Gross said in a statement Thursday.
Credit rating agency Moody’s Analytics warned this week that another surge in gas prices that takes the national average to $4 or higher could be among several factors that jeopardize President Biden’s chances of reelection in the fall. A significant rise in gas prices could place upward pressure on inflation broadly after several years of high inflation have already taken a toll on consumers.
Stacker compiled statistics on gas prices in Rhode Island. Gas prices are as of February 2.
Rhode Island by the numbers
– Gas current price: $3.10
– Week change: +$0.08 (+2.5%)
– Year change: -$0.31 (-9.2%)
– Historical expensive gas price: $5.02 (6/13/22)
– Diesel current price: $4.18
– Week change: -$0.00 (-0.1%)
– Year change: -$0.90 (-17.8%)
– Historical expensive diesel price: $6.47 (5/18/22)
States with the most expensive gas
#1. Hawaii: $4.68
#2. California: $4.57
#3. Washington: $3.94
States with the least expensive gas
#1. Wyoming: $2.69
#2. Oklahoma: $2.71
#3. Wisconsin: $2.73
This story features writing by Dom DiFurio and is part of a series utilizing data automation across 50 states.
