The average price of gasoline across South Central Ohio is eight cents higher this week at $3.050 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio Average: $3.050
Average price during the week of August 30, 2021 $2.977
Average price during the week of September 8, 2020 $2.140
The average price of unleaded self-serve gasoline in various areas:
$3.074 East Liverpool
$3.072 Washington Court House
Following Labor Day weekend and the remnants of Hurricane Ida, the national gas price average has stabilized at $3.18, which is just 3 cents more expensive on the week. The storm took about 13% of U.S. refinery capacity offline and while there are no firm re-start dates, refineries are expected to be back online this month. For now, the downed production could put pressure on crude supplies and prices as the recovery and restoration process unfolds in the region.
Gasoline stock levels are currently at 227.2 million barrels, which is a healthy level. However, stock levels could tighten until refineries resume normal operations. Typically, a limitation on stocks would mean higher gas prices, but with demand expected to decrease going into the fall, price fluctuation should be minimal. Today’s national average is the same as last month, but 96 cents more than a year ago.
Historically, gas demand starts to decline in the fall as schools reopen and summer road trips end, which leads to less expensive gas prices. Despite the dip in demand, the national average is expected to remain above $3 per gallon especially as crude oil continues to price on the higher end.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.
AAA East Central is a not-for-profit association with 72 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.