The average price of gasoline across South Central Ohio is eight cents lower this week at $4.866 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: South Central Ohio Average: $4.866
Average price during the week of June 21, 2022 $4.945
Average price during the week of June 28, 2021 $2.961
The average price of unleaded self-serve gasoline in various areas:
$4.847 East Liverpool
$4.870 Washington Court House
The national average for a gallon of gas has fallen for a second week after another decline in the global price of oil. This week’s gas average is $4.89, nine cents less than a week ago, 30 cents more than a month ago, and $1.80 more than a year ago. Even with these historically high gas prices, summer travel is in full swing. Heading into the Independence Day weekend, AAA predicts 42 million people will hit the road, setting a new record for car travel.
Although crude prices strengthened at the end of the week due to positive market sentiment after the stock market rallied, crude prices dropped earlier in the week amid market concern regarding the potential for economic growth to slow due to rising interest rates and inflation. A lower economic growth rate than expected could cause crude demand to decline, leading prices to follow suit. The cost of oil accounts for almost $3 of every $4.89 paid at the gas pump.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.