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Ohio gasoline prices trending upward

Gasoline price information

Average retail gasoline prices in Ohio have risen 10.4 cents per gallon in the past week, averaging $1.78 per gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average, which has increased 3.7 cents per gallon in the last week to $1.74 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Gasoline price graphic 8-2012Sunday were 50.1 cents per gallon lower than the same day one year ago and are 10 cents per gallon higher than a month ago. The national average has decreased 6.5 cents per gallon during the last month and stands 65.1 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 29 in Ohio have ranged widely over the last five years: $2.28 per gallon in 2015, $3.55 per gallon in 2014, $3.83 per gallon in 2013, $3.77 per gallon in 2012 and $3.37 per gallon in 2011.

“We knew it was inevitable; the eight-month decline in prices at the pump that brought the national average as low as $1.67 has come to an end,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “The ‘plateau’, or pause in price movement, is now behind us as we’ve had a full week in which the national average has climbed steadily.

“Some areas such as Southern California are weathering significantly higher increases as their refineries transition earlier from ‘winter blend’ to ‘summer blend’ production, while Great Lakes states suffer from refinery run cuts,” Laskoski added. “As expected, this is the beginning of the seasonal price climb and we’ll have to wait and see if last week’s rally for crude gains momentum to underscore the trend.”

POSTED: 02/29/16 at 8:19 am. FILED UNDER: News