The average price of gasoline across South Central Ohio is 24 cents higher this week at $3.657 per gallon, according to AAA East Central’s Gas Price Report.
The average cost for a gallon of unleaded gasoline this week in South Central Ohio Average is $3.657. This is up almost a quarter per gallon from last week’s average.
The average price during the week of April 15, 2024 was $3.416 per gallon of unleaded gasoline.
The average price during the week of April 24, 2023 was $3.569.
Pike County’s average price for a gallon unleaded gasoline as of Tuesday was $3.662, almost a nickel above the state average and just a half a cent under the national average.
Hamilton County, Athens County and Washington County were the counties in the southern half of the state with prices higher than Pike County, with Athens coming in with the highest price at $3.750 per gallon.
The average price of unleaded self-serve gasoline in various areas:
$3.750 Athens$3.688 Chillicothe$3.600 Columbiana$3.681 East Liverpool$3.617 Gallipolis$3.594 Hillsboro$3.679 Ironton$3.655 Jackson$3.627 Logan$3.759 Marietta$3.594 Portsmouth$3.637 Steubenville$3.653 Washington Court House$3.662 Waverly
Trend Analysis:
Lackluster domestic demand for gasoline paired with decreasing oil prices has limited gas price increases over the past week. The national average for a gallon of gas climbed four cents to $3.67. With tensions rising over the past three weeks in the Middle East, the cost of oil reached the upper $80s per barrel. However, it has since fallen several dollars into the low $80s as the oil market watches to see if any further military actions occur. Today’s national average is 14 cents more than a month ago and the same as a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.61 to 8.66 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by 1.1 million barrels to 227.4 million barrels. Higher demand and a rise in oil prices could push pump prices higher.
At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $2.67 to settle at $82.86. Oil prices dipped as the EIA reported crude oil inventories increased by 2.7 million barrels from the previous week. At 460.0 million barrels, U.S. crude oil inventories are just 1% 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 70 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.
Most Popular
Comments / 0