Ohio gasoline prices increase last week

Gasoline price information

Average retail gasoline prices in Ohio have risen 5.2 cents per gallon in the past week, averaging $3.08 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 6.1 cents per gallon in the last week to $3.12 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 30.8 cents per gallon lower than the same day one year ago and are 13.9 cents per gallon lower than a month ago. The national average has decreased 22.9 cents per gallon during the last month and stands 23.1 cents per gallon lower than this day one year ago.

“The national average again saw a hefty decline over the last week, and we now stand a mere dime away from seeing prices nationally average under $3/gallon,” said GasBuddy.com senior petroleum analyst Patrick DeHaan. “The national average stands now at its lowest point since January 18, 2011, and by the end of this week, it could stand at its lowest since late 2010.

“Every day, Americans are spending over $100 million less on their gasoline purchases than they did a year ago, some of which will be injected back into the economy in other forms, and with the economic concerns taking shape lately, it could help jolt things back in the right direction,” DeHaan added. “I still do believe that the national average will break the $3/gallon mark by around Election Day — the timing is ironic, considering the drop has nothing to do with Election Day and everything to do with current goings-on, such as a price war between some OPEC members and jitters about the health of the global economy.”

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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.