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Ohio gasoline prices declined last week

VW independent/submitted information

Average retail gasoline prices in Ohio have fallen 5 cents per gallon in the past week, averaging $2.08 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 not moved in the last week, at $2.12 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 79.1 cents per gallon lower than the same day one year ago and are 11.8 cents per gallon lower than a month ago. The national average has decreased 9.4 cents per gallon during the last month and stands 55.1 cents per gallon lower than this day one year ago.

Gasoline pump nozzle artwork 8-2016According to GasBuddy historical data, gasoline prices on August 15 in Ohio have ranged widely over the last five years: $2.87 per gallon in 2015, $3.45 per gallon in 2014, $3.43 per gallon in 2013, $3.84 per gallon in 2012, and $3.54 per gallon in 2011.

“Many communities across the country have witnessed some form of a gas price rebound in the last week,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “As oil prices have continued to lift, gasoline prices may see additional slight increases in some parts of the country again this week, but overall, gasoline and diesel prices remain very low, considering we’re nearing the conclusion of the summer driving season.

“Barring a disruption to fuel supply as we enter the peak of hurricane season, gas prices nationally will spend more time below $2 per gallon this autumn and winter than they did last year, and I’m sure that’ll make many motorists happy,” DeHaan added.

POSTED: 08/15/16 at 7:17 am. FILED UNDER: News