COLUMBUS – Gas prices in Columbus, which have been mimicking bungee jumpers lately, have dropped to begin the work week.
Hopefully, that doesn’t mean the bungee cord is about to snap them back upward.
The average price for a gallon of regular gasoline in central Ohio Monday morning was $2.12, 13 cents cheaper than last week, but virtually unchanged from two weeks ago or the same time last month, according to a daily survey from the auto club AAA, the Oil Price Information Service and WEX, Inc.
The double-digit drop comes on the heels of a 6-cent hike between March 13 and 20, which in turn followed substantial increases at the beginning of the month.
Oil industry analyst Trilby Lundberg said Sunday that the price drop comes as crude oil prices also slipped during the same period.
At $2.13 a gallon, the statewide average price was 7 cents lower than on March 20 the largest week-to-week price drop in the nation.
Prices dropped across the Great Lakes and Midwest as refiners prepared for the switch to summer blend gasoline next month, which drivers can expect to see higher prices at the pump.