Getting Louder

The drumbeat of economic doldrums is getting louder in the Ocean State. Below I've linked to two of the most emailed articles in the ProJo today.

RI Economy at Its Worst in 25 Years

The CCI measures the behavior of 12 economic indicators each month and compares them with what they were during the same month a year ago. The changes indicate whether Rhode Island’s economy is growing, contracting or stagnant. Any indicator above the neutral value of 50 means the economy is growing, anything below means it’s shrinking.

For 11 of the last 12 months, the index has languished below 50, and during January, February, March and May, the monthly values sank to 8.

Heating Oil Hit Record Price in RI

The average price was $4.749 a gallon, the highest price ever recorded by the state Office of Energy Resources. The agency surveys local dealers each week to determine an average price in the state.

That average is up 3 cents from last week and up $2.10 a gallon, or 79 percent, from one year ago.