RI Gas Prices Drop 14 Cents Amid Slow Start To Hurricane Season

RHODE ISLAND — After dropping below an average price of $4 per gallon last week, gas prices in Rhode Island continued to head in the right

Since last week, the average price for a gallon of gas dropped 14 cents in the Ocean State, according to AAA Northeast.

As of Monday, gas prices in Rhode Island are sitting at $3.80 per gallon, according to AAA Northeast. Monday's price was also 50 cents lower than it was a month ago, at $4.30, but 73 cents higher than Aug. 29 last year at $3.07.

Lower oil prices, modest domestic gasoline demand, and a quiet hurricane season are combining to drive pump prices lower. The national average for a gallon of gas fell seven cents in the past week to $3.77.

"According to weather analysts, it’s the first time in 25 years that a named Atlantic storm did not develop in August. That’s the good news," said Lloyd Albert, Senior Vice President of Government and Public Affairs for AAA Northeast. "But we still have another month of peak hurricane season, and these storms can affect gas prices by disrupting oil production and refining."

As of Wednesday, the current average price for a gallon of gas in Rhode Island is $3.76 for the cheap stuff, $4.39 for mid-grade, $4.68 for premium and $5.04 for diesel.