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Market Commentary and Intraday News
Ohio gas prices drop further below $4 after spike
248 days ago
(AP:COLUMBUS, Ohio) Gas prices in Ohio have slipped a bit further below $4 after a sharp increase last week.
The average price for a gallon of regular gas was $3.85 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express.
The average was $3.76 a week ago, before a spike pushed prices closer to the $4 mark. At this time last year, the average was about $3.52.
The factors contributing to higher fuel costs lately include disruptions caused by Hurricane Isaac and problems at Midwestern refineries. AAA says other factors include high crude-oil prices and tight supplies in some places ahead of the switch from the gasoline blend used for summer to the winter blend.
The national average Monday was $3.86, up from $3.60 a year ago.
Online:
AAA Daily Fuel Gauge Report: http://fuelgaugereport.aaa.com
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
