NEW: RI Gas Prices Drop Eight Cents From Last Week

NEW: RI Gas Prices Drop Eight Cents From Last Week

Rhode Island gas prices are down eight cents from last week, according to AAA Northeast.

“Expectations that the global oil market will remain oversupplied, at least in the near term, are keeping downward pressure on the price of crude, translating into savings at the gas pumps,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast.

AAA's latest survey shows that Rhode Island gas prices are averaging $2.59 per gallon for self serve regular unleaded.

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The current price is 16 cents lower than a month ago and a penny more than the national average. A year ago at this time Rhode Island's average price was 99 cents higher at $3.58.

Today’s local gas prices and their ranges are as follows:
Self Serve                                     Grade
$2.599 ($2.379-$2.799)                Regular Unleaded
$2.849 ($2.599-$3.099)                Midgrade Unleaded
$2.999 ($2.619-$3.429)                Premium Unleaded
$2.899 ($2.799-$3.099)                Diesel

For the most up to day local gas prices, visit AAA.com and click on fuel finder.