Pain at the pump: Ohio gasoline prices 54 cents higher than last month

Average retail gasoline prices in Ohio have risen 13.8 cents per gallon in the past week.
Norwalk Reflector Staff
Feb 18, 2013

Average retail gasoline prices in Ohio have risen 13.8 cents per gallon in the past week, averaging $3.81 per gallon Sunday, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.

This compares with the national average that has increased 11.9 cents per gallon in the last week to $3.68 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 36.8 cents per gallon higher than the same day one year ago and are 54.0 cents per gallon higher than a month ago. The national average has increased 42.2 cents per gallon during the last month and stands 16.7 cents per gallon higher than this day one year ago.

"The steady climb of retail gas prices is likely to continue following double-digit increases in wholesale prices with fuel production tightening in the majority of the country's refineries," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. "Los Angeles has climbed to $4.28 per gallon with a 55-cent average price increase in the past month, and that rate was surpassed in Chicago ($4.09 average price) and Detroit ($3.86 per gallon average), where motorists saw 63- and 64-cent respective increases over the same period. New York crossed the $4 threshhold too."

This is the sixth straight week that gas prices have risen in northern Ohio.

Since mid-January the national price at the pump has been propelled higher by somewhat more expensive crude oil, but more notably by regional refinery issues and the approaching switchover to summer-blend gasoline. Unlike recent years (Libya in 2011 and Iran in 2012), escalating geopolitical tensions overseas have not been a major contributing factor to the early-year price increase. Without a similar “risk premium” built into futures prices or new market-moving news, AAA expects that the increases to the national average will slow as temporary production concerns are addressed. Based on this expectation, the national average is likely to peak this spring at a lower price than in 2011 ($3.98 on May 5) and 2012 ($3.94 on April 5 and 6).

Comments

Estrella Damm

Gas was $1.87 51 months ago.

swiss family

yes for a DAY...it came down from the highest it has ever been.. OVER $4.00 under Pres. Bush... gas has never been as high priced under Obama as it was under Bush

arnmcrmn

But gas has remained at an average much much much much much higher under Obama. Fail again Swiss fail again. Next topic for you.

LookingDown

am I the only one that knows that gas prices are set by the futures markets ...... or is this just a reason for you to complain about presidents...... blah blah blah...... do something about it DON'T JUST COMPLAIN! I HATE WHEN PPL JUST COMPLAIN IF YOU DON'T DO ANYTHING ABOUT IT...YOU HAVE NO RIGHT TO....JS.......think about it.....THINK .....DONT COMMENT

ladydye_5

Excuses excuses. Everytime it happens they have a NEW excuse. Some are the same old excuse some are new. Thought the "experts" said the price would continue to FALL (that was about Novemeber's report). So much for that. Just quit speculating and reporting it.

MiddleRight

Obama is winning.

baller19

I just dont get it anymore.

Contango

No economic recovery is possible when oil is close to $100/bbl.

Just remember:

"So, together, we have cleared away the rubble of crisis, and we can say with renewed confidence that the state of our union is stronger."

- Pres. BHO, SOTU, Feb. 12, 2012

I'm confident. :)

Good 2 B Me

How are we blaming Obama? Big Oil is not in the Dems pockets liek it is on the Reps. They failed at Election time to gouge us to the point of electing Romney, so why not just take advantage of us as long as they can.

Contango

@ Good 2 B Me:

"Big Oil is not in the Dems pockets liek it is on the Reps."

So what's Mr. Obama doin' to roll back oil prices? He's often crowed
about increased production.

"Last year, American oil production reached its highest level since 2003. Let me repeat that. Our oil production reached its highest level in seven years.

Oil production from federal waters in the Gulf of Mexico reached an all-time high. For the first time in more than a decade, imports accounted for less than half of what we consumed.

So any notion that my administration has shut down oil production might make for a good political sound bite, but it doesn’t match up with reality,"

- Pres. BHO

http://www.politifact.com/truth-...

arnmcrmn

@Contango......OUCH...I think the poster above you just choked on their own spit. Doesn't surprise me. 3/4 of the liberal posters do no research. Research...what is that.....ohhh that would take to much time to do, Ill just post my opinion as facts. And they wonder why they can't win an argument on here. Not so smart.

MiddleRight

It's his EPA goons that are at the root. If you remember the article in the reflector that 20 ethonol plants had shut down due to the drought last summer and lack of corn. Apparently the EPA did not sit through the same supply and demand economics class that I did.
I guess Barry doesn't want use one of his Executive Orders to help out the middle class. Fuel taxes are easily the most regressive taxes this country has. The less you make, the bigger % of your income goes to pay fuel taxes.
http://online.wsj.com/article/SB...

MiddleRight

Also, if you look a little more than halfway down this Wiki page, you can see that corn ethanol does very little to help reduce those dreaded carbon emissions.
http://en.wikipedia.org/wiki/Eth...

kURTje

Whadda bargain! #&#^#%$@

slimwhite56

Who is the guy in the picture? Anyone know? Lol

Fromthe419

No one ever talks about the Fed's responsibility in increasing prices of all commodities, if you continue to print 40B to 85B new dollars until infinity the end result will be increasing prices as long as the USD is the world's reserve currency. We have been the beneficiary of being the world's dominant currency, but we are now the world's largest debtor nation in the history of the world and we can not continue to print our way out of our deficit/debt. Washington has to get their head out of their a$$, both Demo and Repub and find a way to compromise and fix our situation, it may be tough on us, but if nothing is done...we are done. Believe me, if they do nothing their is serious pain ahead for all of us.

Cliff Cannon

@ Fromthe419 : Amen

arnmcrmn

@Fromthe....Don't post truthful statements like that.....it will confuse the liberal reading base.

Anytime you flood the market with money, prices will go up eventually. That bubble will pop and pop very loud one day soon.

CleanSlate

Gas prices are getting WAY out of control and extremely ridiculous!!!! You can't even drive 10 miles away without putting 20 dollars in your tank. It sucks!!!!

Now The Rest of...

Highest SUSTAINED gas prices in history, yet another Obama failure. Gas was $1.87 when he took office with the same unemployment rate as today. Turned down Keystone, pushed failed green energy, and increasing record presidential debt, which reduces the purchasing power of the dollar which we buy oil with. This is what happens when a "community organizer" is running our economy. Why does he care he took AF#1 for a golf outing with his buddies to Florida, while his wife took a separate vacation on the taxpayer tab. We can thank the " I am a good person, I care lib" and "I want my goverment freebies" while the taxpayers pay the price of the messiah's socialist agenda..

swiss family

NOW The Rest....you anti Obama people keep throwing that statement out, about gas being $1.87... that is twisting the actual facts and you know it. You are implying that gas was much cheaper during the previous administrations reign,, which it was NOT... Look it up if you don't remember.. under President Bush, gas continued to increase at a rapid pace, until here locally gas was well OVER $4.00 a gallon, and kept rising... somehow the administration suddenly brought the price of gas down to $1.87 far a day or two, I think it was done so people who like to twist the facts can continue to throw out that distorted fact, such as you are doing, in order to make it seem that this administration is inept...Gas has never been higher under the current than it was under the previous one, you know it, everyone knows it, so please tell the whole truth when you throw misguided facts out ..please

Contango

@ swiss:

Why worry? Pres. BHO's minions have stated on numerous occasions that he can't control gas prices.

So obviously, the "fall back" position for everything that occurs that is negative is: It's Bush's fault! :)

You’ve understood the mindless propaganda well.

arnmcrmn

Swiss, I see you dodged my above post. Very typical. So gas was once at 4.00 a gallon under Bush...ok, we get that. But who holds the monthly highest average? Hint, hint....its Obie and its by a long shot. Bush had a few years where it was under 2.00 for the yearly avg. Ever since Obie has been elected gas has been on a sharp and stead INCREASE.

I'll patiently wait for your answer.

Contango

@ arnmcrmn:

Also, factoring in inflation, a USD is worth less than five yrs. ago.

To numerous analysts, increases in commodities and many assets are Fed fueled.

The Fed fueled the stock mrkt up to the yr. 2000, then the housing mkt. up to 2008. Now we've got the Treasury bond bubble brewing. The next credit "crunch" is comin'.

methodman

The end is near. Better start prepping.

Contango

@ methodman:

The Fed Reserve was started in 1913 to prevent economic recessions from ever happening again. How are they doin'?

Fromthe419

Their 100 year charter is up this year. As a nation we should end this debt based monetary system. Money should come into existence for the good of the American people not as debt that must be repaid with interest. Also, they should end the fractional reserve banking system as well. Time to kick the Keynesian economic theory out and go back to Austrian economics where there is "honest" money, money that has true value. This how Fed system has robbed Americans of almost all of it's wealth. Look how many levies, fees, tax increases are being tossed around. This notion of the Fed system has broken our Government, States, Localities and its citizens. People are now debt slaves and the Fed controls all of the real wealth in this nation.

Cliff Cannon

@ Fromthe419: One should also add,that prior to the Fed's creation ( 1913) American money was totally gold backed and we in essence had 100 plus years of growth. ( Including a little thing called " The Industrial Revolution")


Then add this to the debt crisis we now have.Debasing the currency in order to repay debt with 'cheaper ' money robs from the very people a growing capitalistic system needs most----SAVERS !


So, of course,those who have saved the best and depend upon those savings the most; Senior citizens. Find 'safe' fixed rates non-existent.Hence many have to eat into their nest egg,instead of allowing that nest egg to promote growth. While,the low rates encourage banks to cut lending while raising fee's. Then let's the biggest borrower --- the federal gov't. keep doing it's thing.


Yet,only in America. Can the price of gasoline ( as well as all commodities ) not be understood to be a direct reflection of our Federal gov't / Federal reserve induced monetary crisis

Fromthe419

Couldn't agree more, central bankers hate gold and silver as they retain value. In reality the price of gold has not changed, it the value of our fiat currency that has changed (for the worse), hence it requires more dollars to buy it. I tell my friends, I can always sell my gold and silver for dollars...they may not be able to use dollars to buy gold and silver in the future.

methodman

@ contango They got my life in shambles. Just sittin around surfin the net, typin stuff. Planning vacations. Lining up work. I've heard how bad everything is, just waiting for the bottom to fall out so, you can tell me " I told you so."

Pages