News

Lower gas prices may not be far off

COLUMBUS, Ohio – While the price of a gallon of gas in Columbus is nearly 20 cents cheaper than it was one week ago, it is still higher than two weeks ago, mirroring a national trend.

But, there may be relief in sight, according to at least one oil industry expert.

According to the AAA Fuel Gauge Report, the average price of regular gasoline in Columbus this morning is $3.65 a gallon, compared with $3.83 last Monday and $5.57 on Feb. 11.

During the same two-week period, the latest Lundberg Survey shows motorists are paying 20 cents more per gallon: $3.79.

Gas prices have gone up more than 53 cents in the past nine weeks.

The higher prices have been blamed on the switch-over to summer-blend gasoline, and more refineries being offline for maintenance.

But, Trilby Lundberg says she thinks she can see a light at the end of the tunnel.

She says the latest increase hides a drop in wholesale prices over the last few days, indicating that retail prices may start heading downward very soon.

The lowest average price in Lundberg’s survey can be found in Billings, Montana at $3.23 a gallon.

The highest average price comes out of Los Angeles at $4.29.

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