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Oil and gas prices are declining as fears of a recession loom large.
West Texas Intermediate crude, the U.S. benchmark, and Brent Crude, the world benchmark, briefly dipped below $100 per barrel this week. Regular gas prices hovered at $4.75 per gallon on July 7, down more than 25 cents in three weeks. Ten states have seen gasoline prices decrease by at least 10 cents per gallon just in the last week.
Stacker compiled statistics on gas prices in Providence-Fall River-Warwick (RI only) metro area using data from AAA. The cheapest gas stations are from GasBuddy. Gas prices are current as of July 7. State gas tax data is from World Population Review. Connecticut and New York have temporarily suspended gas taxes to help consumers while the cost of gas has increased.
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Providence by the numbers
– Gas current price: $4.78
— Rhode Island average: $4.78
— Rhode Island gas tax: $0.35 per gallon (#12 highest among all states)
– Week change: -$0.09 (-1.9%)
– Year change: +$1.75 (+57.8%)
– Historical expensive gas price: $5.02 (6/13/22)
– Diesel current price: $6.07
– Week change: -$0.08 (-1.3%)
– Year change: +$2.95 (+94.6%)
– Historical expensive diesel price: $6.47 (5/18/22)
Cheapest gas stations
#1. BJ’s: $4.47 (1450 Hartford Ave, Johnston)
#2. BJ’s: $4.47 (175 Highland Ave, Seekonk)
#3. Exxon: $4.48 (238 Winthrop St, Rehoboth)
Metros with the most expensive gas
#1. San Luis Obispo-Atascadero-Paso Robles, CA: $6.42
#2. Napa, CA: $6.40
#3. Salinas, CA: $6.32
Metros with the least expensive gas
#1. Warner Robins, GA: $3.94
#2. Albany, GA: $3.96
#3. Laredo, TX: $3.98
States with the highest gas tax per gallon
#1. Pennsylvania: $0.59
#2. California: $0.53
#3. Washington: $0.52
States with the lowest gas tax per gallon
#1. Alaska: $0.0895
#2. Hawaii: $0.16
#3. Virginia: $0.162