The Interior Department's Bureau of Ocean Energy Managment auctioned off two out of four wind development areas off the coast of Martha’s Vineyard today for potential wind energy development. Twelve companies were eligible to place bids, but only two took part in the auction.
The two companies are RES Americas, a company headquartered in the UK, and OffshoreMW, the sister company of a German wind energy developer. They have secured provisional leases to build offshore wind farms off the coast of Massachusetts, south of Martha’s Vineyard.
As you’ve probably noticed, gas prices continue to drop at the pump. In Rhode Island, a gallon of regular unleaded is down 15 cents from last week. And AAA reports prices have dropped by a dime in Massachusetts with the average gallon in both states going for $2.15.
This is the sixth consecutive week for double digit drops.
In Connecticut gas prices are down by twelve cents to land at $2.35 a gallon.
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For the 19th week in a row, gas prices have dropped in Rhode Island. The average price for a gallon of regular unleaded is at $2.30. That’s a dime cheaper than it was a week ago and 45 cents lower than this time last month.
AAA of Southern New England finds Massachusetts drivers are seeing lower prices at the pump as well, with prices falling 11 cents in the past week, putting the average gallon of regular unleaded at $2.25.
Connecticut drivers are still paying more than their Rhode Island neighbors with the average gallon at $2.47.
Prices continue to fall at the pump, drivers in Rhode Island, Massachusetts and Connecticut are all paying less for an average gallon of regular unleaded.
In Rhode Island, it will cost you $2.86 a gallon, that’s a seven-cent drop from last week. Drivers in Massachusetts are paying an average $2.78 a gallon, and Connecticut drivers are paying $3.01, nine cents lower than last week.
This is the 14th straight week that the AAA survey found prices dropping in the Ocean State. A year ago, Rhode Islanders were paying 63 cents more per gallon.
Parts of the Blackstone River Valley National Heritage Corridor are moving closer to becoming part of the national park system. Initiatives attached to a defense bill put the Old Slater Mill in Pawtucket and two mill towns under the national park system.
Gas prices continue to drop at the pump ahead of the Thanksgiving holiday. A gallon of regular unleaded is down another three cents from last week.
That puts the average price at $2.95 a gallon. Twenty cents lower than a month ago, but still higher than the national average. Massachusetts drivers are seeing prices drop there as well to $2.87 a gallon. Nationally prices are down nearly 90-cents since May. Trilby Lundberg studies the industry, she says lower crude oil prices, an abundant oil supply and the rising value of the U.S. dollar are behind the lower prices at the pump.
The latest survey out of AAA Southern New England finds a gallon of regular unleaded is going to cost less than $3.00. It’s been four years since prices were this low.
Sure at $2.98 it’s just under $3, but that’s still 22 cents cheaper than it was a month ago. Federal officials say weak fuel demand and lower crude oil prices are keeping costs down at the pump. And drivers can expect the average price for a gallon of unleaded to stay below $3.00 next year.
Massachusetts drivers are paying a nickel less than Rhode Islanders, with an average gallon at $2.93.
One of the developers behind turning Newport Grand into a casino said he’s surprised that Senate President Teresa Paiva Weed has now come out against table games in Newport. Her comments came shortly after Wednesday night’s vote by the Newport City Council to reject a host agreement with developers.
The rising number of casinos in New England that’s hurting the Foxwoods Resort Casino is both a threat to table games in Rhode Island and the reason to add more.
Analyst Clyde Barrow said the Foxwoods Resort and Casino in Connecticut has been losing millions of dollars since its peak in 2006. To blame: a slow economic recovery and a growing number of casinos in New England.
Good news for drivers in Rhode Island. Gas prices went down four cents in the last week. The state average for a gallon of regular unleaded now costs $3.64.
That’s according to the latest survey from AAA of Southern New England.
Despite the drop Rhode Island drivers are still paying more than the national average, which is twelve cents cheaper at $3.52. The current Rhode Island price is still cheaper than the price last year which was sixteen cents more.