Gas prices dip but hike is in the offing

COLUMBUS – Gas prices around Ohio are down compared with a week ago, bucking the national trend and leaving them near where they were at this time last year.

AAA
AAA

Ohio’s average for a gallon of regular fuel was $2.28 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s down about a dime from last week, the second-largest price drop in the U.S., and just under the average from a year ago, when it was $2.30.

The average price in Columbus was 17 cents cheaper than last week at $2.26 a gallon, 9 cents less expensive than on this date in 2016.

The national average was about $2.39 on Monday, down three pennies from last week and the first decline in three weeks. The national average was lower a year ago at $2.21.

AAA says anticipated higher summer demand hasn’t yet kicked in, so prices at the pump are expected to rise in the coming weeks

The American Petroleum Institute reports U.S. gasoline deliveries in March were the second highest March deliveries ever recorded, confirming the forecast that demand is on track for the summer.