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Price at the pump drops again, but what's next?

The average price of regular, self-serve gasoline in Rhode Island as of yesterday was $2.919 a gallon, down a penny from last week, according to the state’s Office of Energy Resources, according to the Providence Journal. The price has dropped a total of 16 cents over the past four weeks.

And the average price is 9 cents lower than it was at this time last year.

But looking further back, gasoline clearly has become awfully expensive. Two years ago, the fuel was a relative bargain at $2.289 a gallon. A trip from Providence to Acadia National Park in Maine will now cost about $101 in gasoline, compared with $79 during the July 4 holiday week in 2005.

Experts say they are not sure which way gasoline prices are headed, as there are conflicting signals that indicate prices could go up or down.

Posted by   at 2:21 PM to Gas prices | Permalink

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