Published: Tue, January 09, 2018
Medical | By Alyssa Little

Gas prices rise 2 cents a gallon to $2.53 in Rhode Island

Gas prices rise 2 cents a gallon to $2.53 in Rhode Island

Prices at the pump in the state of Georgia sit at around $2.36 a gallon, more than 10 cents higher than this time previous year.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is due to higher crude oil costs.

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The New York state average is $2.64, up 2 cents from last week.

The least expensive gas price averages in Georgia were in Warner Robins at $2.27 per gallon, Catoosa-Dade-Walker at $2.28 and Rome at $2.28.

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As of Monday afternoon, prices at Mobil and 76 gas stations were $4.03 per gallon for regular unleaded. West Texas Intermediate crude settled at a four-year high above $62 a barrel last week as global supply levels tightened.

According to AAA, the first part of a new year is traditionally strong for oil prices. The first two months of the year are typically the times of year that gasoline demand is at its weakest, and with builds in gasoline stock anticipated next week, prices will have a hard time going much higher in the short term. With the holiday season behind us, motorists can expect gas prices to trend cheaper this month as demand decreases. The last increase was on January 1, 2018, to $3.88 per gallon. Spring is one of two times a year refineries go offline to conduct maintenance on their equipment, and switch from winter to the more expensive-to-produce summer blend gasoline.

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