AAA: Gas prices tumble in Ohio

The average price of gasoline across South Central Ohio is 11 cents lower this week at $3.543 per gallon, according to AAA East Central’s Gas Price Report.

This week's average prices: South Central Ohio Average – $3.543

Average price during the week of April 22, 2024 – $3.657

Average price during the week of May 1, 2023 – $3.482

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

$3.699 – Athens

$3.523 – Chillicothe

$3.577 – Columbiana

$3.611 – East Liverpool

$3.563 – Gallipolis

$3.484 – Hillsboro

$3.530 – Ironton

$3.461 – Jackson

$3.381 – Logan

$3.613 – Marietta

$3.526 – Portsmouth

$3.530 – Steubenville

$3.470 – Washington Court House

$3.628 – Waverly

Trend analysis:

As domestic gasoline demand and the cost of oil remained steady over the past week, the national average is now two cents lower at $3.65. Today’s national average is 12 cents higher than a month ago and four cents higher than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand fell from 8.66 to 8.42 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by .6 million barrels to 226.7 million barrels.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by 55 cents to settle at $82.81. Oil prices dipped despite the EIA reporting crude oil inventories fell by 6.4 million barrels from the previous week. At 454 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

Submitted by AAA East Central