AAA: Average Rhode Island Pump Price Continues to Fall
PROVIDENCE, R.I., March 10, 2025 — At a time when gas prices historically creep higher ahead of the warmer weather and busier summer driving season, the gulf between today’s prices and what drivers saw at the pump this time last year continues to widen.
Prices have fallen slowly but steadily since late January, driven in large part by falling crude oil prices and uncertainty about the economy in the months to come. Crude prices ended last week down between 3 and 4 percent as markets adjusted for the expected increase in production from OPEC+ nations in April, ending two years of output reductions they instituted in an effort to boost prices.
Another driver of lower gas prices has been domestic gasoline demand — or lack thereof. Weak demand since the start of the year has helped keep inventories high and pricing pressure low. According to the Energy Information Administration, regional inventories of gasoline stand above 66 million barrels — 2 million barrels higher than last year — and firmly above the 5-year average. But there are signs the paradigm is shifting: the EIA reported a 700,000-barrel drawdown in supplies last week and gasoline demand rose to 8.87 million barrels a day. That’s an increase from the prior week’s 8.45 million barrels a day and represents the highest demand reading so far this year.
Locally, the average gas price in Rhode Island is down 4 cents from last week ($2.97), averaging $2.93 per gallon. Today’s price is 7 cents lower than a month ago ($3) and 22 cents lower than a year ago ($3.15). Rhode Island’s average gas price is 15 cents lower than the national average.
“With the switchover to pricier summer blended gasoline mere weeks away, prices are likely to increase down the road on that fact alone, but market uncertainty is muddying the waters for the time being,” said Jillian Young, director of public relations for AAA Northeast. “Ultimately, the lower cost of crude oil is weighing heavily on gas prices.”
AAA Northeast’s March 10 survey of fuel prices found the current national average down a penny from last week ($3.09), averaging $3.08 gallon. Today’s national average price is 5 cents lower than a month ago ($3.13) and 31 cents lower than this day last year ($3.39).
*Prices as of March 10, 2025
Today, Mississippi and Kentucky have the lowest prices in the nation, at $2.62 and $2.66 respectively. California and Hawaii hold the highest prices in the nation this week at $4.71 and $4.53, respectively. Rhode Island holds the 22nd spot on the list of lowest gas prices across the country.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
