NORTHEAST OHIO (WOIO) - Northeast Ohio motorists will have some extra coins jingling in their pocket as gas prices continue to drop 18 cents to $3.188 per gallon. Northeast Ohio prices have fallen over 35 cents during the past month.
Relief is being felt by motorists across the country as pump prices continue to fall approaching the busy year-end holiday travel period. Today's national average of $3.25 for a gallon of regular unleaded gasoline is the lowest price of 2012. These prices have been driven lower by a number of factors, including the switch to winter-blend fuel, which is less expensive to produce; increasing gasoline inventories; cheaper crude oil prices; lower demand; and economic concerns.
Crude oil prices have increased slightly over the last week, but they continue to trade lower than the same period in 2011 and have kept downward pressure on retail prices at the pump. At Monday's close of formal trading on the NYMEX, the price of West Texas Intermediate (WTI)settled at $87.55 per barrel, up 47 cents on the week and $1.99 from last Monday.
Holiday travelers searching for the lowest gas prices can conveniently download the free AAA Mobile app for their iPhone, iPad or Android devices and iPad uses GPS navigation to help travelers map a route, find current gas prices and discounts and access AAA roadside assistance. Travelers can learn about the AAA Mobile app and AAA Mobile Web at AAA.com/mobile.
This week's average prices: Northeast Ohio Average $ 3.188
Average price during the week of December 11, 2012 $ 3.367
Average price during the week of December 20, 2011 $ 3.153
Today's National Average Price $3.236
The following is a list of the average price of unleaded self-serve gasoline in various areas:
AAA East Central is a not-for-profit association with 80 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.6 million members.