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Gasoline prices in Ohio continue to fall

By Norwalk Reflector staff • Jan 25, 2016 at 4:00 PM

Average retail gasoline prices in Ohio have fallen 12.3 cents per gallon in the past week, averaging $1.56 per gallon Sunday, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.

This compares with the national average that has fallen 6.5 cents per gallon in the last week to $1.82/g, according to gasoline price website GasBuddy.com.

Areas nearby Ohio and their current gas price climate:

Akron- $1.53/g, down 13.8 cents per gallon from last week's $1.67/g.

Dayton- $1.54/g, down 10.4 cents per gallon from last week's $1.64/g.

Columbus- $1.50/g, down 12.9 cents per gallon from last week's $1.63/g.

Including the change in gas prices in Ohio during the past week, prices yesterday were 32.8 cents per gallon lower than the same day one year ago and are 36.0 cents per gallon lower than a month ago. The national average has decreased 17.5 cents per gallon during the last month and stands 20.0 cents per gallon lower than this day one year ago.

“As the Northeast digs out from the brutal blizzard Jonas, commodities markets are attempting to dig themselves out of their recent hole," said Will Speer, a GasBuddy senior petroleum analyst. "Crude oil futures have lost 18% of value since the end of 2015 and have cleared the way for the retail gasoline price decline. Ample supply has been attributed as the cause of prices falling at the pump. Gasoline inventories sitting at 245 million barrels are the highest the U.S. has seen since March 1990,” he said.

This morning, the Huron County average was $1.56 per gallon.

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