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Central Ohio gas prices drop 15 cents in past week

 
Central Ohio gas prices drop 15 cents in past week
Posted May 5th, 2014 @ 8:11am by WTVN Newsroom

COLUMBUS, Ohio (WTVN) --Central Ohio gas prices are down in the past week, from $3.77 to $3.62 a gallon, according to columbusgasprices.com.

AAA's's daily Fuel Gauge Report shows the statewide average at $3.65, down from $3.76 a week ago.  

The national average of $3.64 is two cents cheaper than last week.

"Finally, the news motorists have been waiting for- it appears that at least for now, the national average has peaked," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"Since February 7, gasoline prices have been on an upward trajectory in a majority of the U.S., and at least for now, prices have broken that upward trend and have stabilized. This is great news, as it likely means in the next couple weeks that gasoline prices will begin seeing more downward momentum", DeHaan said.

"By Memorial Day, if there aren't major refinery kinks that develop, we could see the national average dropping into the $3.50s, or perhaps even lower," DeHaan said.

 

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