Gasoline prices dropping again - Cleveland 19 News Cleveland, OH

Gasoline prices dropping again

Gasoline prices dropping again. (Source: WOIO) Gasoline prices dropping again. (Source: WOIO)

Average retail gasoline prices in Cleveland have fallen 5.3 cents per gallon in the past week, averaging $3.45/g yesterday, according to GasBuddy's daily survey of 831 gas outlets in Cleveland. This compares with the national average that has increased 1.3 cents per gallon in the last week to $3.44/g, according to gasoline price website

Including the change in gas prices in Cleveland during the past week, prices yesterday were 14.5 cents per gallon lower than the same day one year ago and are 3.9 cents per gallon higher than a month ago. The national average has decreased 2.2 cents per gallon during the last month and stands 13.7 cents per gallon lower than this day one year ago.

"The last week saw upward momentum in gas prices continue, leading the national average up about a penny," said Senior Petroleum Analyst Patrick DeHaan. "We're past the seventh inning stretch for what will be a short lived upward trend, and motorists will be seeing lower prices by late September in most areas across the country. A mere 1.5% of all U.S. gas stations are priced over $4/gal, while roughly a third of stations are seeing prices over $3.50/gal, a huge drop vs. last year when nearly 62% of stations were charging over $3.50/gal. On the bottom side, the cheapest 5% of stations are charging an average of $3.08/gal, and that price will likely continue moving lower in the weeks ahead," DeHaan said.

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