Gasoline prices fall during past week

Gasoline price information

Average retail gasoline prices in Ohio have fallen 7.3 cents per gallon in the past week, averaging $3.43 a gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average that has increased 1.3 cents per gallon in the last week to $3.44 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 12.7 cents per gallon lower than the same day one year ago and are 4.3 cents per gallon higher than a month ago. The national average has decreased 2.2 cents per gallon during the last month and stands 13.7 cents per gallon lower than this day one year ago.

“The last week saw upward momentum in gas prices continue, leading the national average up about a penny,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “We’re past the seventh inning stretch for what will be a short lived upward trend, and motorists will be seeing lower prices by late September in most areas across the country.

A mere 1.5 percent of all U.S. gas stations are priced over $4 per gallon, DeHaan noted, while roughly a third of stations are seeing prices over $3.50 a gallon, a huge drop versus last year, when nearly 62 percent of stations were charging over $3.50 per gallon.

“On the bottom side, the cheapest 5 percent of stations are charging an average of $3.08 a gallon, and that price will likely continue moving lower in the weeks ahead,” DeHaan said.

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 that has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.