Ohio’s average gas price dips below $2 per gallon

Archives
6332307_G_633230771

 COLUMBUS, Ohio (AP) – The average cost of gas in Ohio has dipped below $2 per gallon for the first time in more than five years.

The average for a gallon of regular gas fell to $1.99 in Wednesday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc.

Ohio AAA spokeswoman Kimberly Schwind says that average hasn’t been below $2 since April 28, 2009, when it was $1.98. She says back then, the recession was a key factor.

This time, Schwind says prices have been dropping for months because of an oversupply of crude oil worldwide. She says there’s also a seasonal element, as gas prices tend to be lower during winter.

The national average Wednesday was $2.26 per gallon, down from $2.35 last week and $3.32 a year ago.

Online:

AAA Daily Fuel Gauge Report: http://fuelgaugereport.aaa.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

video

More Video

4th of July Countdown Clock

Ohio Lottery

Trending Stories

More Top News

WTRF 7News Twitter