Central Ohio gasoline prices down

posted by Ken Stevens - 

COLUMBUS, Ohio (WTVN) -- Gasoline prices around central Ohio took a big slide in the past week.

GasBuddy.com's survey of 500 stations in the Columbus area found prices averaging $2.23 a gallon on Monday, 14-cents cheaper than the same time a week ago.

Some stations in the Dublin and Hilliard areas report selling gas for as little as $1.95 a gallon, while the website had one station in the Polaris area as high as $2.89.

Ohio AAA's Daily Fuel Gauge Report shows the statewide average for a gallon of regular at $2.31 compared to $2.42 a week ago.

The national average, at $2.46, is close to 4 cents a gallon less than last week.

"With OPEC deciding last week to extend last year's agreement on oil production cuts, the future for gasoline prices isn't as rosy," said Patrick DeHaan, head of petroleum analysis for GasBuddy.com. 

"While the short term may feature more modest price decreases is many areas, as we set our sights on the months ahead, 2018 is starting to look ominous as a result of OPEC's extension," DeHaan said.

DeHaan said motorists should enjoy the falling prices now because "it's likely that prices may again rise approaching the New Year as oil prices continue to show strength."

(Photo via Getty Images)

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