AGP Executive Report
Last update: 6 hours agoOil & Gas: U.S.-Iran tensions that disrupted Strait of Hormuz shipments helped major oil companies post huge spring profits, with Exxon doubling Q2 profit to $14.53B and Chevron nearly quadrupling to $12.07B—while drivers faced higher fuel prices. Housing Watch: Rhode Island’s June single-family market stayed steady overall, but coastal Washington County barely budged (median $702,000, +0.65% YoY) even as sales rose and days on market lengthened. Workforce Housing Scrutiny: Quonset Development Corp. says it approved a 60-year ground lease for 140+ workforce units at Quonset Business Park, but North Kingstown officials cite 2023 planning documents showing only 120 units and different apartment types, triggering an “internal review.” State Budget Pressure: RIPEC warns Medicaid spending is projected to grow nearly three times faster than state revenues, even with expected disenrollments. Gaming & Lottery: Rhode Island sports and iGaming wagers topped $1B in H1 2026 ($1.09B), and the Lottery reported June sales up 6% to $25.4M. Retail Growth: Splendid opens its first Rhode Island store at Garden City Center in Cranston. Energy Affordability Debate: A Rhode Island-focused explainer argues electric supply prices are set by wholesale markets, not utilities—pushing the conversation toward the real drivers of bills.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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