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Gasoline prices mostly steady in Ohio

VW independent/submitted information

Average retail gasoline prices in Ohio have risen 0.7 cents per gallon in the past week, averaging $2.47 per gallon on Monday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average that has increased 3.0 cents per gallon in the last week to $2.32 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 Monday were 28.8 cents per gallon lower than the same day one year ago and are 15.5 cents per gallon higher than a month ago. The national average has increased 11.1 cents per gallon during the last month and stands 42.7 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 31 in Ohio have ranged widely over the last five years: $2.76 per gallon in 2015, $3.94 per gallon in 2014, $3.63 per gallon in 2013, $3.61 per gallon in 2012 and $3.77 per gallon in 2011.

“What a start to the summer driving season! The lowest gasoline prices in 11 years are greeting motorists hitting the road this summer,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Not only gasoline prices, but diesel too. In fact, every single state in the nation is seeing lower gasoline and diesel prices than where we started summer last year — both of which currently average $2.32 per gallon.

“Going forward, much of the country will spend much of the summer in the twos for both gasoline and diesel,” DeHaan added. “Prices in the biggest cities: New York, Los Angeles and Chicago, could break $3 a gallon at some stations, but the bigger the city, the more motorists stand to save by shopping for the lowest prices.”

POSTED: 05/31/16 at 7:44 am. FILED UNDER: News