Ohio Gas Prices Down 10.4 Cents from Last Week

YOUNGSTOWN, Ohio — Average retail gasoline prices in Ohio fell 10.4 cents per gallon in the last week, averaging $2.18 per gallon, according to GasBuddy.com’s daily survey of 5,345 gas outlets in the state. Nationally, the average has fallen 3.0 cents per gallon over the past week to $2.26 per gallon.

In the Youngstown-Warren area, prices range from as low as $1.96 per gallon to a high of $2.29, according to GasBuddy.

Prices yesterday were 53.0 cents per gallon lower than the same day one year ago and are 42.7 cents per gallon lower than a month ago. The national average has decreased 10.0 cents per gallon during the last month and stands 50.7 cents per gallon lower than last July Fourth.

“Any way you slice it, this summer has featured the cheapest Memorial Day, July Fourth and perhaps Labor Day in the last 11 years, and motorists have been responding by hitting the roads in record numbers,” Patrick DeHaan, senior petroleum analyst for GasBuddy, said.

Gasoline prices on July 5 in Ohio have ranged widely over the last five years: $2.71 per gallon in 2015, $3.57 per gallon in 2014, $3.40 per gallon in 2013, $3.35 per gallon in 2012 and $3.57 per gallon in 2011.

“For the week ahead, expect much of the country to see prices continue to trickle lower while the Great Lakes states may see their first price increase in weeks as stations have undercut each other to the point where they begin losing money,” he said.

Copyright 2024 The Business Journal, Youngstown, Ohio.