The average price of gasoline across South Central Ohio is two cents lower this week at $4.018 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio Average: $4.018
The average price in Washington Court House: $3.930
Average price during the week of March 21, 2022 $4.031
Average price during the week of March 29, 2021 $2.655
The average price of unleaded self-serve gasoline in various areas:
$4.069 East Liverpool
With the cost of crude oil hovering near $110 per barrel, volatility at the pump has slowed. After hitting $4.33 on March 11, today’s national average for a gallon of gas is $4.24, which is one cent less than a week ago, 63 cents more than a month ago, and $1.38 more than a year ago.
Domestically, gasoline demand is defying seasonal trends and has dipped for the second straight week, perhaps due to higher pump prices and consumers altering their driving habits. The drop in gas demand is contributing to steadier prices. However, elevated oil prices have slowed that decline, and if prices continue to rise, pump prices will likely follow suit.
At the close of Friday’s formal trading session, West Texas Intermediate increased by $1.56 to settle at $113.90. Crude prices climbed after EIA’s weekly report revealed that total domestic crude stocks declined last week by 2.5 million barrels to 413.4 million barrels, approximately 18 percent lower than the level in mid-March 2021. The current inventory level highlights tightness in the market, contributing to rising oil prices.
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.