South Central Ohio gas prices increased five cents this week, according to AAA East Central. A gallon of gasoline now averages $3.41.
On the National Front
Today’s average price for regular unleaded gasoline is $3.34 per gallon and is just fractions of a penny below the nearly nine-month low registered one week ago. The last time the national average registered less than $3.34 per gallon was January 25.
Today’s national retail average remains 14 cents per gallon less than one month ago and 32 cents less than the same day last year. After falling for a multi-year record of 36 consecutive days, the price at the pump has been essentially unchanged for the last two weeks, increasing less than half a cent since October 7.
Despite the recent pause in the decline, AAA continues to expect that gas prices will fall even further approaching the end of the year. Due to sufficient supplies, flat demand and the shift to cheaper winter-blend gasoline, and barring a hurricane or other unexpected disruption to production and distribution, the national average is likely to fall to $3.10-$3.20 per gallon by Christmas, which would be the lowest mark since February 2011.
Monday, after nearly 16 straight weeks above $100, the price for a barrel of West Texas Intermediate (WTI) crude oil returned below this threshold and settled $1.59 lower at $99.22 per barrel at the close of formal trading on the NYMEX.
This week’s South Central Ohio average price:
Average price during the week of October 15, 2013:
Average price during the week of October 23, 2012:
The following is a list of the average price of unleaded self-serve gasoline in various areas:
Washington Court House
AAA East Central is a not-for-profit association with 82 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.7 million members.