Gas prices in South Central Ohio dropped by eight cents this week to $2.274 per gallon, according to AAA East Central’s Gas Price Report. Following four straight weeks of draws, gasoline inventory is on the rise in the Great Lakes and Central States.
According to the EIA, inventory in the region had its biggest one-week increase since the end of January. Sitting at nearly 55 million barrels, inventory is almost 2 million barrels higher than this time last year. The high inventory is leading to dropping gas prices both on the week and compared to one year ago today.
This week, all states are seeing on average a four-cent decrease. Compared to one year ago, six states are seeing significantly cheaper gas, including Ohio (-46 cents). As inventory grows and demand remains inconsistent, the cheaper gas prices are likely to hold throughout summer in the region.
This week’s average prices:
- South Central Ohio Average $2.274
- Average price during the week of June 5, 2017 $2.358
- Average price during the week of June 13, 2016 $2.705
Here is the price per gallon of unleaded self-serve gasoline in various areas:
- $2.396 Athens
- $2.257 Chillicothe
- $2.201 Columbiana
- $2.243 East Liverpool
- $2.208 Gallipolis
- $2.266 Hillsboro
- $2.214 Ironton
- $2.276 Jackson
- $2.333 Logan
- $2.185 Marietta
- $2.418 Portsmouth
- $2.186 Steubenville
- $2.220 Washington Court House
- $2.430 Waverly