Rhode Island Gas Prices Drop 4 Cents

Gas prices fell by an average four cents over the past week in Rhode Island, according to AAA Northeast. The average price for a gallon of gas is now $2.50, which is higher than the national average.

Rhode Island's average price is three cents above the national average of $2.47 per gallon. This time last year, gas was 18 cents cheaper at $2.32.

Lloyd Albert, AAA's senior vice president of public and government affairs, said there are two reasons for the drop in price.

"Crude oil prices are $10 less a barrel than one month ago and U.S. gasoline stocks sit at an all-time record high. Cheaper crude and healthy stock levels mean motorists can expect prices to continue to decline this month."

Across the state, gas prices vary widely from a low of $2.29 to 40 cents higher at $2.69. Here's a breakdown of the average price and range for a gallon of gas, broken down by grade.

Regular Unleaded: $2.50 ($2.29-$2.69)

Midgrade Unleaded: $2.89 ($2.64-$3.09)

Premium Unleaded: $3.02 ($2.84-$3.15)

Diesel: $3.02 ($2.89-$3.19)