Pump prices remain at 7 year low

COLUMBUS – Gas prices dropped for the second week in a row as motorists continue to enjoy paying the lowest prices of the decade at the pump.

AAA
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Oil industry analyst Trilby Lundberg says that, with a slight decline of 2 cents in the last week, the price remains the lowest since 2009.

Ohio drivers head into the week with the average price at the pump about five cents lower than a week ago.

The average price statewide Monday morning was $1.84 a gallon, according to the daily survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s about three cents lower than the average price that drivers were paying a month ago and down about 14 cents compared with a year ago.

The price in Columbus was 18 cents cheaper than one year ago, at $1.83, which is also 8 cents lower than a month ago.

Lundberg says prices may continue to go down as crude oil costs drop and refineries run at a high rate.

An abundance of crude oil has contributed to the relatively low gas prices. Pump prices also typically fall during the winter months due to reduced demand.