RI Gas Prices Take Big Dip To End Summer Driving Season

NEWPORT, RI — There is some good news for those hitting the road in the final weeks of summer as gas prices continue to plummet across Rhode Island. The average price of regular unleaded gasoline fell another five cents over the past week and is now down 10 cents month over month, according to AAA.

The Rhode Island average price of $2.66 for regular unleaded is two cents higher than the national average, but 24 cents lower than it was one year ago. The Energy Information Administration's latest data indicates a large increase in the domestic stock as the reason for the drop in price.

"While gasoline demand increased week-over-week it wasn't enough to stay on pace with the huge jump in gasoline stocks," AAA spokesperson Jeanette Casselano said. "Therefore, pump prices continue to decline across the country."

Wednesday's national average is 13 cents less than one month ago and 21 cents less than one year ago. Rhode Island's highest average price of $2.76 is in Washington County, with the lowest average price of $2.61 in Kent County for unleaded regular.

Regular Unleaded: $2.66 down from $2.71 last week and $2.76 last month.

Mid-grade Unleaded: $2.98 down from $3.01 last week and $3.04 last month.

Premium Unleaded: $3.19 down from $3.21 last week and $3.25 last month.

Diesel: $3.02 down from $3.06 last week and $3.08 last month.