Northeast Ohio's average price for a gallon of regular, unleaded gasoline increased 1.3 cents this week. Currently, the price at the pump is $2.592 a gallon.
The national average price at the pump is $2.634 a gallon. This week in 2008, Northeast Ohio gas prices reached their lowest price for the year at $1.614 per gallon.
According to the AAA Fuel Gauge, spurred by comments by Federal Reserve Chairman Ben Bernanke suggesting the economy will likely take a slow road to recovery - and by a stronger US dollar - oil prices fell $1.56 to close at $73.91 per barrel Monday on the New York Mercantile Exchange. The comments by Chairman Bernanke were seen by investors to suggest a longer, slower recovery would mean oil and gasoline demand won't spike in the short term, which would help moderate prices.
This week's average prices: Northeast Ohio Average . . . . . . . . . . $2.592
Average price during the week of December 1, 2009 . . . . . . . . . . $2.579
Average price during the week of December 9, 2008 . . . . . . . . . . . $1.614
The following is a list of the average price of unleaded self-serve gasoline in various areas:
$2.63 New Philadelphia