The average price of gasoline across South Central Ohio is 15 cents higher this week at $3.429 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio average: $3.429; Washington Court House average: $3.429
Average price during the week of March 27, 2023 $3.271
Average price during the week of April 4, 2022 $3.967
The average price of unleaded self-serve gasoline in various areas:
$3.427 East Liverpool
The national average for a gallon of regular gasoline rose seven cents over the past week to hit $3.50. Robust demand for gasoline and rising oil prices are the driving factors for the recent uptick in pump prices. Today’s national average is 11 cents more than a month ago but 69 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand increased from 8.96 million to 9.15 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased substantially by 2.9 million barrels to 226.7 million barrels. Increased demand amid tighter supply has contributed to pushing pump prices higher.
On Sunday, the Organization of the Petroleum Exporting Countries and other major oil producers, including Russia, known collectively as OPEC+, announced a voluntary agreement to slash their output by just over 1 million barrels per day through the end of 2023. The cut is planned to start in a month. The move caused oil prices to spike, popping over the $80 per barrel mark for the first time in several months.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
AAA East Central is a not-for-profit association with 70 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.