The average cost for a gallon of gasoline has hardly budged in the past week as an increasing domestic supply and less demand from drivers are keeping prices tame.
Prices at the pump are just a few cents below where they sat this same time last year in the midst of the Fourth of July holiday week. Analysts are watching the conflict in the Middle East between Israel and Hezbollah, backed by major oil producer and Organization of the Petroleum Exporting Countries member Iran, as it could grow larger and impact the price of oil.
Early season hurricane activity moving into the Gulf of Mexico this weekend also poses some small potential to disrupt oil production and, with it, gas prices.
“Even after the holiday fireworks are over, we’ll be watching for any potential fireworks at the pump that could be brought on by hurricanes disrupting refineries,” GasBuddy analyst Patrick De Haan said in a statement Tuesday.
Stacker compiled statistics on gas prices in Rhode Island. Gas prices are as of July 3.
Rhode Island by the numbers
– Gas current price: $3.44
– Week change: +$0.04 (+1.2%)
– Year change: -$0.08 (-2.4%)
– Historical expensive gas price: $5.02 (6/13/22)
– Diesel current price: $4.12
– Week change: -$0.00 (-0.1%)
– Year change: -$0.06 (-1.5%)
– Historical expensive diesel price: $6.47 (5/18/22)
States with the most expensive gas
#1. California: $4.79
#2. Hawaii: $4.70
#3. Washington: $4.31
States with the least expensive gas
#1. Mississippi: $2.96
#2. Louisiana: $3.03
#3. Arkansas: $3.06
This story features writing by Dom DiFurio and is part of a series utilizing data automation across 50 states.
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