Ohio gasoline prices again fall last week

Ohio gasoline price information

Average retail gasoline prices in Ohio have fallen 12 cents per gallon in the past week, averaging $2.63 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 0.9 cents per gallon in the last week to $2.76 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 86.6 cents per gallon lower than the same day one year ago and are 11.4 cents per gallon lower than a month ago. The national average has decreased 3.5 cents per gallon during the last month and stands 81.2 cents per gallon lower than this day one year ago.

“After areas of the West Coast saw hikes at the pump, things are finally beginning to cool with gas prices declining in all but 15 states versus last week,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “While California, Arizona and Nevada all saw price increases versus a week ago, the tide turned late in the week when prices peaked and now are moving lower again.

“Refinery issues were primarily the catalyst for the increase, and, unfortunately, refinery issues now have begun to plague the nation’s mid-section, leading to increases in the Mid-continent region,” DeHaan added. “But rest assured, lower prices will be coming back in the weeks ahead.”

With oil nearing $50 a barrel, DeHaan noted, there’s a very good possibility that, by mid-fall, gasoline prices could fall under $2 a gallon in a growing number of states.