Northeast Ohio gas prices drop almost 3 cents

Motorists in Northeast Ohio are paying 2.9 cents less this week for a gallon of fuel. The price of a gallon of regular, unleaded, self-serve gasoline currently costs $2.471 at the pump. According to the AAA Fuel Gauge, although crude oil prices have moved below $60 per barrel in the last week and are currently near $57, the nationwide average gasoline price is still at a high level $2.55 per gallon and is not expected to drop even with the lower oil price.
Norwalk Reflector Staff
Jul 24, 2010

Motorists in Northeast Ohio are paying 2.9 cents less this week for a gallon of fuel. The price of a gallon of regular, unleaded, self-serve gasoline currently costs $2.471 at the pump.

According to the AAA Fuel Gauge, although crude oil prices have moved below $60 per barrel in the last week and are currently near $57, the nationwide average gasoline price is still at a high level $2.55 per gallon and is not expected to drop even with the lower oil price.

How high gasoline prices will go this spring will depend on how smoothly refiners transition to producing their summer blends, and how strong consumer demand is for gasoline. Current indications are that gasoline demand is well ahead of year ago levels, but there is concern on the part of some analysts that demand for gas may soften this summer and fall due to slower growth in the U.S. economy.

This week's average prices: Northeast Ohio Average $2.471

Average price during the week of March 13 $2.500

Average price during the week of March 24, 2006 $2.454

The following is a list of the average price of unleaded self-serve gasoline in various areas:

Ashtabula $2.561

Aurora $2.476

Chesterland $2.514

Cleveland $2.461

Elyria $2.500

Independence $2.410

Lorain $2.443

Lyndhurst $2.468

Mentor $2.465

Niles $2.465

Norwalk $2.501

Oberlin $2.439

Parma $2.382

Ravenna $2.456

Solon $2.498

Willard $2.494