The average price of gasoline across South Central Ohio is a penny higher this week at $3.278 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio Average: $3.278
Average price during the week of August 26, 2024 $3.261
Average price during the week of September 5, 2023 $3.635
The average price of unleaded self-serve gasoline in various areas:
$3.368 Athens
$3.308 Chillicothe$3.215 Columbiana$3.289 East Liverpool$3.248 Gallipolis$3.267 Hillsboro$3.299 Ironton$3.269 Jackson$3.291 Logan$3.290 Marietta$3.157 Portsmouth$3.316 Steubenville$3.268 Washington Court House$3.308 Waverly
Trend Analysis:
Pump prices continued to fall over the past week and are three cents lower this week at $3.32. With Labor Day signaling the unofficial end of the summer travel season, there was a slight uptick in gas demand but lower crude prices are helping to offset gas price increases. Today’s national average is 15 cents lower than a month ago and 49 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose last week from 9.19 million barrels per day to 9.30. Meanwhile, total domestic gasoline stocks fell from 220.2 to 218.4 million barrels, and gasoline production decreased last week, averaging 9.6 million daily.
At the close of Wednesday’s formal trading session, West Texas Intermediate fell by $1.01 to settle at $74.52 a barrel. The EIA reports that crude oil inventories decreased by 0.8 million barrels from the previous week. At 425.2 million barrels, U.S. crude oil inventories are about 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.
AAA East Central is a not-for-profit association with 69 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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