South Central Ohio gas prices rose five cents a gallon for the second straight week in August to $3.51, according to AAA East Central’s Fuel Gauge Report.
AAA East Central surveys more than 211 gas stations in South Central Ohio on a weekly basis. It says the cheapest gas was in East Liverpool at $3.387 a gallon for regular unleaded and the most expensive gas was in Athens at $3.58.
Over the past two weeks, average retail prices have dropped in 42 states and Washington D.C. However, prices have increased in eight Midwestern and Central states, led by Ohio (+13 cents), Indiana (+11 cents) and Michigan (+11 cents). These increases can be traced back to refinery problems and maintenance at several facilities supplying the region.
This week’s South Central Ohio average price:
Average price during the week of Aug. 5, 2014:
Average price during the week of Aug. 13, 2013:
On the National Front
The national average price for regular unleaded gasoline has continued its downward trend despite high-profile conflicts in overseas oil producing countries and declining domestic refinery production. Today’s price is $3.47 per gallon, which is about two cents less than one week ago,15 cents less than one month ago and seven cents less than the same date last year.
The falling national average is largely mirrored at the state level, where drivers in all but a handful of states are paying less at the pump over the last few weeks. Consumers in Hawaii ($4.32), Alaska ($4.10) and California ($3.91) continue to pay the highest prices per gallon.
Last week, President Obama announced that the U.S. would begin airstrikes in Iraq in response to the continuing escalation of violence by the group known as ISIL (Islamic State of Iraq and Levant). Iraq is the world’s seventh-largest oil producer and a disruption in production could impact the global supply. Tensions between Russia and Ukraine, and the situation Libya are being monitored but have not resulted in a disruption to supply.
Oil prices, meanwhile, continue to trade near multi-month lows. The price of West Texas Intermediate (WTI) settled 43 cents higher at $98.08 per barrel at the close of formal trading Monday.
The following is a list of the average price of unleaded self-serve gasoline in various areas:
Washington Court House