COLUMBUS, Ohio – Central Ohio gas prices are still falling and are well below the statewide and national averages.
The average price for a gallon of regular gas in Columbus was $3.35 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s 10 cents cheaper than a week ago and 21 cents below the price at the beginning of the month.
Analysts say the price of crude oil is lower on expectations Libyan oil will soon return to the market, and higher wholesale gasoline prices have begun to subside in many parts of the country.
Analyst Trilby Lundberg said Sunday that crude oil prices also fell over news that Iraq’s production was not substantially harmed by recent violence. Her biweekly survey of gas stations on Friday showed the price of gas nationwide has fallen 4 cents over the last three weeks to $3.67 a gallon.
The AAA says the average price in Ohio was $3.47, 9 cents cheaper than a week ago and 41 cents lower than a month ago.
The AAA’s national average was $3.61, which is 4 cents lower than a week ago and just a penny higher than the price last year at this time.