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South Central Ohio Gas Prices are Down, as Ohio Leads Nation with Biggest Weekly Drop

Ohio, Gas Prices
Choosing gas by Mike Mozart
Photo by Mike Mozart https://www.flickr.com/photos/jeepersmedia/ https://creativecommons.org/licenses/by/4.0/

Gas prices in South Central Ohio are down by almost two cents this week at $2.785 per gallon, according to AAA East Central’s Gas Price Report. 

On the week, gas prices across the Great Lakes and Central states are seeing declines or stabilization. Ohio (-10 cents) had the largest weekly decrease in pump prices in the country and the region. 

The majority of states across the country are paying less to fill-up at the pump compared to last month with four Great Lakes and Central states landing on the top five list, including Ohio (-18 cents).
 

With a substantial 1.7 million oil barrel build, gasoline inventories are above the 53 million oil barrel mark for the first time in a month. In fact, this was the first build for the region since the end of June and contributed to this week’s cheaper or stable prices across the Great Lakes and Central states.

This week's average prices: South Central Ohio Average - $2.709
Average price during the week of August 6, 2018 - $2.785
Average price during the week of August 14, 2017 - $2.516

Here is the price per gallon of unleaded self-serve gasoline in various areas:

$2.799       Athens
$2.651       Chillicothe
$2.678       Columbiana
$2.704       East Liverpool
$2.789       Gallipolis
$2.591       Hillsboro
$2.709       Ironton
$2.744       Jackson
$2.740       Logan
$2.741       Marietta
$2.685       Portsmouth
$2.609       Steubenville
$2.775       Washington Court House
$2.715       Waverly

On the National Front
The national gas price average has held relatively flat for the last two weeks. Today’s national average is $2.86. EIA latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories. In fact, this was the first increase in inventories in six-weeks with a substantial addition of 3 million oil barrel.

On the week, states are seeing pump price jumps as high as eight cents and drops as much as a dime. Today’s gas price average is one-cent less than last week, three-cents less than one month ago and 51-cents more than this time last year.

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased 82 cents to settle at $67.63.

In related news, according to Baker Hughes, Inc., the U.S. added 10 oil rigs last week, bringing the total to 869. Currently, there are 101 more active rigs this year than last year at this time.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit association with 80 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.  News releases are available at news.eastcentral.aaa.com.  Follow us on Twitter and Facebook.

For More Information, Contact:
Herman Jenkins, Director of Public Affairs
Desk: 412-365-7278 / Cell: 216-618-6944 / Email: Jenkins.Herman@aaaec.com


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AAA East Central is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in Kentucky, New York, Ohio, Pennsylvania and West Virginia.