AAA: Pump prices fall again across South Central Ohio – The Record Herald

The common value of gasoline throughout South Central Ohio is 16 cents decrease this week at $4.467 per gallon, in keeping with AAA East Central’s Fuel Worth Report.

This week’s common costs: South Central Ohio Common: $4.467; Washington Court docket Home Common: $4.400

Common value in the course of the week of July 11, 2022 $4.621

Common value in the course of the week of July 19, 2021 $3.126

The common value of unleaded self-serve gasoline in varied areas:

$4.995 Athens

$4.118 Chillicothe

$4.267 Columbiana

$4.378 East Liverpool

$4.525 Gallipolis

$4.285 Hillsboro

$4.726 Ironton

$4.533 Jackson

$4.372 Logan

$4.843 Marietta

$4.543 Portsmouth

$4.191 Steubenville

$4.357 Waverly

Pattern Evaluation:

The nationwide common for a gallon of fuel has fallen 15 cents over the past week to $4.52. At present’s nationwide common is 46 cents lower than a month in the past and $1.36 greater than a yr in the past. The latest value decline is because of decrease home demand for gasoline on the pump and a a lot decrease world value for oil. The price of a barrel of oil is round $100, down from $110 two weeks in the past.

In response to new information from the Power Info Administration (EIA), fuel demand dropped from 9.41 million barrels per day to eight.06 million barrels per day final week, whereas whole home fuel shares elevated by 5.8 million barrels. The lower in demand and declining oil costs have helped push pump costs down.

Crude costs elevated barely on the finish of the week because of the market anticipating crude provide to stay tight all through summer time. Tightening of provide is being pushed by the potential for slower financial development on account of rising rates of interest and inflation. Declining crude demand, on account of decreased financial exercise, may lead costs to observe swimsuit.

Motorists can discover present fuel costs nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit affiliation with 72 native workplaces in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. Information releases can be found at information.eastcentral.aaa.com. Comply with us on Twitter and Fb.