COLUMBUS, Ohio – While one industry analyst gas prices may be nearing their low point, the price in Columbus continued to drop over the weekend.
The average price of $2.79 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. was 16 cents lower than a week ago and $1.18 cheaper than in June.
Analyst Trilby Lundberg’s bi-weekly national survey of gas prices reports that the average cost has dropped 13 cents per gallon in the last two weeks and 78 cents per gallon since its peak in May but she predicts the decline, fueled by a decrease in the price of crude oil, will come to an end now unless oil prices drop further.
ColumbusGasPrices.com says stations on the West Side are posting prices as low as $2.59 a gallon.
The statewide average price of $2.84 was about 11 cents lower than a week ago and has dropped by about a quarter over the past month.