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Ohio weekly gasoline prices rise slightly

Gasoline price information

Average retail gasoline prices in Ohio have risen 6.3 cents per gallon in the past week, averaging $1.55 per gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average that has fallen 3.9 cents per gallon in the last week to $1.69 a gallon, according to gasoline price website GasBuddy.com.

Gasoline price graphic 8-2012Including the change in gas prices in Ohio during the past week, prices Sunday were 73.0 cents per gallon lower than the same day one year ago and are 20.1 cents per gallon lower than a month ago. The national average has decreased 23.0 cents per gallon during the last month and stands 55.5 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 15 in Ohio have ranged widely over the last five years:

$2.28 per gallon in 2015, $3.34 per gallon in 2014, $3.68 per gallon in 2013, $3.29 per gallon in 2012 and $3.00 per gallon in 2011.

“We are mid-February and 45 out of 50 states have a state gas average below $2 and the national average is at a multi-year low,” said Jeff Pelton, a GasBuddy.com senior petroleum analyst. “Sadly, these incredibly low gas prices won’t be here forever, as refineries talk of production cuts with crude oil at a 13-year low.

“Additionally, their spring turnarounds and the changeover to summer spec gasoline also loom ominously on the horizon,” Pelton added. “The sooner the refineries can complete their maintenance and start producing gasoline again the better for drivers everywhere.”

POSTED: 02/15/16 at 8:24 am. FILED UNDER: News