NEWS

AAA: Ida could impact gas prices

Posted 9/1/21

Rhode Island's average gas price is the same as last week, averaging $3.06 per gallon. Monday's price is 3 cents higher than a month ago,, and 89 cents higher than August 30, 2020. Rhode Island's average gas price is 9 cents lower than the national

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NEWS

AAA: Ida could impact gas prices

Posted

Rhode Island’s average gas price is the same as last week, averaging $3.06 per gallon. Monday’s price is 3 cents higher than a month ago,, and 89 cents higher than August 30, 2020. Rhode Island’s average gas price is 9 cents lower than the national average.

 “Motorists can expect price fluctuations leading into Labor Day weekend due to Hurricane Ida. Until the power is restored, it’s too early to know the full impact of any damage Ida caused to the oil and gas industry,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast. “Typically, a category 4 storm could mean three plus weeks before refineries are back to normal operations, while offshore production is more likely to resume this week.” 

As a precautionary measure, Colonial Pipeline announced on Sunday that they shut down two main lines that run from Houston, TX, to Greensboro, NC. The company added that following an infrastructure inspection after the storm, the pipeline would be back to full service. Gas prices in southern New England will see minimal impact at the pump if the pipeline is down for a matter of hours versus days.

AAA Northeast’s August 30 survey of fuel prices found the current national average to 1 cent lower than last week, averaging $3.15 a gallon. Today’s national average price is 1 cent lower than a month ago, and 92 cents higher than this day last year .

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