Ohio gasoline prices decrease last week

Gasoline price information

Average retail gasoline prices in Ohio have fallen 12.2 cents per gallon in the past week, averaging $2.26 per gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average that has fallen 3.0 cents per gallon in the last week to $2.39 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices yesterday were 135.2 cents per gallon lower than the same day one year ago and are 12.6 cents per gallon lower than a month ago. The national average has decreased 7.3 cents per gallon during the last month and stands 118.5 cents per gallon lower than this day one year ago.

“Motorists have seen a quiet week at the pump with gasoline prices in much of the country in gentle decline,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “The current downward trend in the national average bucks what we were seeing a year ago when gasoline prices were in an upward trend, and what we’re seeing with prices remaining relatively low should boost motorist confidence as the summer driving season nears.

“It’s a good time to reiterate that I expect this summer’s gasoline prices to be at their lowest seasonal levels since 2010, and most areas will see prices at least $1 a gallon under where they were last summer,” DeHaan added.

According to DeHaan, some gas price increases may begin showing up in the Northeast where summer blends and reformulated gasolines are beginning to hit retail outlets, though the pain there may not be as bad as what was expected last week. DeHaan said that thanks to optimism surrounding the Iran nuke deal, oil prices declined late last week and took some bite out of the expected jump.

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GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.