Good News: Gas prices are falling - Cleveland 19 News Cleveland, OH

Good News: Gas prices are falling

Gas prices are fall eight cents. (Source: WOIO) Gas prices are fall eight cents. (Source: WOIO)
(WOIO) -

Average retail gasoline prices in Cleveland have fallen 8.8 cents per gallon in the past week, averaging $3.25/g yesterday, according to GasBuddy's daily survey of 831 gas outlets in Cleveland. This compares with the national average that has fallen 3.4 cents per gallon in the last week to $3.34/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Cleveland during the past week, prices yesterday were 21.1 cents per gallon lower than the same day one year ago and are 15.0 cents per gallon lower than a month ago.

The national average has decreased 8.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

"As expected, fuel prices nationwide continue to decline following the expiration last week of the EPA's 'summer blend' gasoline requirement," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. "That's good news for consumers. We know that when gas prices rise in springtime it removes billions from the U.S. economy... Logic dictates that the reverse is true too, and that as prices fall, it puts a little money back in consumers' pockets."

Copyright 2014 WOIO. All rights reserved.

Top Story

special

CONNECT WITH US

Updated:

Connect with Cleveland 19! More>>

Powered by Frankly