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COLUMBUS, Ohio (WTVN) --Central Ohio gasoline prices continue their decline, much to the delight of the motoring public.

According to ColumbusGasPrices.com, a gallon of unleaded regular Monday morning was selling for an average of $3.35.  That is 11 cents cheaper than last week.

AAA's Daily Fuel Gauge Report has the state average at $3.47, down nine cents from last week.

The national average of $3.60 is five cents less than a week ago.

Including the change in gas prices in Columbus during the past week, prices yesterday were 30.7 cents per gallon lower than the same day one year ago and are 55.4 cents per gallon lower than a month ago. The national average has decreased 4.3 cents per gallon during the last month and stands  unchanged compared to this day one year ago. 

"The last two weeks have seen some large drops in oil prices and gasoline spot prices- a very exciting thing to see in the middle of the summer driving season," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"Motorists have some nice relief coming at the pump to look forward to in the next week to two as these drops make it to retail outlets. Over the next week, the national average will fall back under $3.50 a gallon--something we haven't seen since April, and will also drop under last year's average in the next few days", DeHaan said.

DeHaan believes prices could drop even more as long as there are no hurricanes or escalating tensions in the Mideast.

"I'd caution motorists as we expect these large decreases to only buy the amount of gasoline they immediately need as prices drop, and to shop around as price gaps between stations widen because of the quick decrease in wholesale gas price. Some stations will be buying the cheaper gasoline and passing on savings faster, leading to a wide array of gas prices," DeHaan said.

 

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