The average price of gasoline across South Central Ohio is four cents higher this week at $1.971 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio Average: $1.971
Average price during the week of November 23, 2020 $1.935
Average price during the week of December 2, 2019 $2.588
The average price of unleaded self-serve gasoline in various areas:
$1.951 East Liverpool
$1.976 Washington Court House
Following the Thanksgiving holiday, the national gas price average is two cents more expensive this week at $2.12. Today’s average is two cents cheaper than last month, and 46 cents cheaper than last year.
Across the country, motorists in nearly 30 states are paying more at the pump on the week with states along the I-95 corridor seeing the largest jump: Delaware (+15 cents), Maryland (+8 cents), Pennsylvania (+7 cents), New Jersey (+6 cents) and North Carolina (+6 cents).
Despite the increase at the pump, U.S. gasoline stocks increased and demand decreased to a five-month low, according to the Energy Information Administration’s reports for the week ending November 20. Motorists will likely see prices decrease in the days and weeks ahead, especially as demand decreases.
At the close of Friday’s formal trading session, West Texas Intermediate decreased by 18 cents to settle at $45.53. While domestic crude prices decreased that day, due to increasing coronavirus infection rates, crude prices grew overall last week amid increased news of a potential vaccine. Prices were also bolstered by EIA’s weekly report revealing that total domestic crude inventories fell by 800,000 barrels to 488.7 million barrels last week.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.
AAA East Central is a not-for-profit association with 76 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.