Google has announced that, effective immediately, pricing for storage on its Drive cloud service has been lowered - a lot. Check out the graphic for a quick breakdown of the new cost structure, which is aggressively lower than pretty much any competing service.

The big drop is definitely at the 1TB level, which went from $50 a month to only $10 - a decrease of 80%! 100Gb is down to $2, 60% less than the old $5 a month. And 10TB+ plans now start at $100, with the price scaling at $10 per TB all the way up to 30TB.

Head to your Google Storage settings to take advantage of the new plans now, and read more about the changes at the link below.

Google Blog