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Will Friday's terrorist attacks in France affect local gasoline prices?

By Norwalk Reflector staff • Updated Nov 16, 2015 at 10:05 AM

Average retail gasoline prices in Ohio have fallen 16.9 cents per gallon in the past week, averaging $2.02 per gallon Sunday, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. This compares with the national average that has fallen 5.0 cents per gallon in the last week to $2.16 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices yesterday were 85.8 cents per gallon lower than the same day one year ago and are 34.4 cents per gallon lower than a month ago. The national average has decreased 11.4 cents per gallon during the last month and stands 72.1 cents per gallon lower than this day one year ago.

Some Norwalk stations were selling gas for less than $2 per gallon Sunday.

"Terrorism and other geopolitical events always have the potential to bring havoc to Wall Street but early signs suggest that financial market reactions are subdued," said Gregg Laskoski, GasBuddy's senior petroleum analyst for the Northeast.

"That means Friday's events are not likely to be what drives the direction of crude oil and market fundamentals can be expected to push retail gasoline prices lower in the U.S. We're already seeing that as the national average today is 6 cents lower from a week ago and wholesale prices are also significantly lower," he added.

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