COLUMBUS, Ohio – The price of gas in Columbus has rocketed up 16 cents in the last two weeks fueled by production disruptions and rising oil prices.
A daily survey by the AAA, the Oil Price Information Service and Wright Express puts the average retail price of regular gas in central Ohio at $3.70, 8 cents higher than one week ago.
The latest Lundberg Survey shows the nationwide average price was also higher, but that came after eight weeks of overall declines.
The average price for a gallon of regular rose 0.84 cents in the past two weeks to $3.54 per gallon on May 3rd.
The increase comes amid rising crude-oil prices, as well as increased demand of the peak summer driving months.
The increases were made worse in the Midwest because of supply slowdowns as refineries made the shift to summer blend gasoline in March and April to meet a May 1 deadline.
During the changeover, markets are more sensitive to unexpected disruptions such as recent severe weather.