COLUMBUS – The price of gasoline continues to fluctuate but is expected to remain near the $2-a-gallon mark for the near future, according to analysts.
The average price of a gallon of regular gas in central Ohio Monday morning was $2.12, 13 cents cheaper than a week ago, according to a daily survey from the auto club AAA, the Oil Price Information Service and WEX, Inc.
The nationwide average price was 2 cents higher than two weeks before, according to industry analyst Trilby Lundberg, who says that despite the rise, prices are poised to dip slightly because crude oil costs are falling and refinery production is strong.
Analysts say reports of increased U.S. production continue to counter OPEC rebalancing efforts, keeping retail gasoline prices from climbing.
The statewide average price in Ohio was $2.14 a gallon, 8 cents lower than a week ago but motorists are paying 21 cents more than this time in 2016.