Gasoline prices 20 cents higher than this time last year

National average has risen for 12th straight week.
Norwalk Reflector Staff
Apr 28, 2014

Average retail gasoline prices in Ohio have risen 7.9 cents per gallon in the past week, averaging $3.75 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 2.5 cents per gallon in the last week to $3.65 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices yesterday were 20.5 cents per gallon higher than the same day one year ago and are 17.2 cents per gallon higher than a month ago. The national average has increased 12.9 cents per gallon during the last month and stands 16.5 cents per gallon higher than this day one year ago.

"While the national average has risen for the 12th straight week, it is likely nearing a peak," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Gas price increases have continued since early February but are likely nearing an end as oil refineries conclude seasonal maintenance, and the switchover to summer gasoline is nearing completion. Meanwhile, oil inventories are at their highest ever level as reported by the Energy Information Administration, which cited crude oil stocks at a record high of 397.7 million barrels, which should help propel oil prices lower in coming weeks as some storage facilities near capacity.

"For motorists, the peak to retail gasoline prices is likely very near, with some relief to follow in coming weeks as pressure eases on factors that drive gasoline prices, " DeHaan said.

Comments

TrollingMotors

Thanks Kasich!

hankster

I've read stupid comments on this website but that has to be the dumbest of all.Gas prices are Kasich fault?You do realize he was governor last year as well?

rbenn

Troll cant help it, hes a lib which means hes an idiot

TrollingMotors

Sounds just as dumb as saying Thanks Obama yet you fail to see the irony.

Who is the Dum Dum now?

tee866

Until people start complaining to the Congressmen the gas prices will remain sky high since people no longer complain and just pay there is no pressure on anyone to make them come down.Remember just 5 years ago gas was only 2.00 a gallon?
Everyone said oh we will never pay 3.00 a gallon for gas now they are at almost 4.00 a gallon and low and behold everyone pays they just stop buying other things.

Dr. Information

Thank Obama. He said he wanted 5 dollars a gallon gas in 2008, as long as the rise was gradual. He's getting what he wants.

In my opinon

Although I am not a fan of Kasich, The State or Federal Government does not set gas prices, the reason why government policy can do very little to bring down gasoline prices, is that the price of crude oil is set on the global market. As a result, oil wherever it is produced, domestically or internationally, will find its way to the highest bidder. That's why the is so much opposition over the Key Stone Pipe line. It would run through and will leak as they all do into our land and for naught because it will be refined and sent to the overseas market.

When President George W. Bush took office in 2001, gasoline sold for an average of $1.55 a gallon. In the summer of 2008, his last year in office, prices exceeded $4.25. In reality, presidents have little to do with near-term fluctuations in gas prices.

Dr. Information

It was 4.25 for a month and then dropped back under 2 bucks. A very important part you left out. Gas on avg was half under Bush than its been under Obama.

kURTje

H*ll I've heard people talk when it was .55gal. & the station attendant filled the tank. (Willard Gas Station next to Goodyear Tire Store) That was the late 70's. Blame Big Oil/greed.

hit the road jack

I was down by Canton last week and gas was $3.46 a gal. and today at Perrysberg it was $3.54 and just last week it was $3.64 in Attica while in Huron County we continue to be raped at the pump!

Brock Lee

sucks