AAA: Gas prices lower in Ohio, oil prices still declining


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The average price of gasoline across South Central Ohio is six cents lower this week at $3.900 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: South Central Ohio Average: $3.900

This week’s average price in Washington Court House: $3.798

Average price during the week of April 4, 2022 $3.967

Average price during the week of April 12, 2021 $2.709

The average price of unleaded self-serve gasoline in various areas:

$4.099 Athens

$3.883 Chillicothe

$3.979 Columbiana

$3.927 East Liverpool

$3.999 Gallipolis

$3.581 Hillsboro

$4.007 Ironton

$3.960 Jackson

$3.734 Logan

$3.946 Marietta

$3.916 Portsmouth

$3.791 Steubenville

$3.798 Washington Court House

$3.976 Waverly

Trend Analysis:

The cost of gasoline has continued to slide due to falling oil prices. The global oil market has seen lower prices since the U.S. and its allies agreed to significant releases of oil reserves. Also weighing down oil prices is the fear of resurgent COVID-19 infections in China and its potential for an economic slowdown in one of the world’s largest oil-consuming nations. Domestically, the national average for a gallon of gas has fallen to $4.11. This is seven cents less than a week ago, 22 cents less than a month ago, and $1.25 more than a year ago.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2 million barrels to 236.8 million barrels last week. Gasoline demand increased slightly from 8.5 million barrels per day to 8.56 million barrels per day. Although less supply and more demand would typically support higher prices, the fluctuating oil price continues to be the main factor influencing pump prices. Pump prices will likely face downward pressure if oil prices remain below $100 per barrel.

At the close of Friday’s formal trading session, West Texas Intermediate increased by $2.23 to settle at $98.26. Overall, crude prices declined last week following EIA’s weekly report, which showed U.S. crude oil inventories rose by 2.4 million barrels to reach 412.4 million barrels.

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.

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