Gasoline prices drop 11 cents last week

Gasoline price news

Average retail gasoline prices in Ohio have fallen 11.0 cents per gallon in the past week, averaging $3.69 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 2.9 cents per gallon in the last week to $3.72 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 2.5 cents per gallon higher than the same day one year ago and 28.7 cents per gallon higher than a month ago. The national average has increased 42.0 cents per gallon during the last month and stands 9.1 cents per gallon higher than this day one year ago.

“The streak is over,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, noting that GasBuddy data showed the national average rising for 32 consecutive days, starting January 20 at $3.265 per gallon, and ending February 21 at $3.733 a gallon.

“The tide has now turned and the national average has dropped two days straight,” DeHaan added. “This is certainly excellent news for disillusioned motorists, but I would caution them not to get overly thrilled as prices may linger near these levels for some time.”

About GasBuddy

GasBuddy operates OhioGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.