breaking news

Clark County Fair to see big changes at animal auctions this year

Gas prices rising again


Gasoline prices are rising sharply again, particularly in the Midwest and Great Lakes region, following a big hike in crude oil prices, a petroleum market analyst said Wednesday.

The unrest in Egypt is also pushing prices higher. Egypt controls the Suez Canal, a major oil-shipping route. Meanwhile, the supply of oil here has fallen, said Patrick DeHaan, senior petroleum analyst with GasBuddy.com.

“With NYMEX crude oil over $105 per barrel today and with concerns about who’s running the government in Egypt and the security of the Suez Canal, it’s not surprising that we’re seeing wholesale and retail gasoline prices rise,” DeHaan said.

The firm operates websites throughout the nation, including DaytonGasPrices.com, that use spotters to monitor local gas prices.

“The future looks dim again for motorists as oil prices have risen $10 per barrel in just the last two weeks. It’s all but guaranteed to mean another round of price increases as motorists hit the road for summer vacations, taking a bigger bite out of their wallets,” added Gregg Laskoski, another senior petroleum analyst with GasBuddy.

The average price of unleaded regular in the Dayton area on Wednesday afternoon was $3.53 a gallon, up 11 cents from a week ago, according to DaytonGasPrices.com. The average price has climbed 37 cents since July 1.


Reader Comments ...


Next Up in Business

Air Force awards big contract to UDRI
Air Force awards big contract to UDRI

The University of Dayton Research Institute has landed a seven-year, $43 million Air Force contract to develop new composites and adhesives and elastomer, according to the Defense Department. The work will be at the Air Force Research Laboratory and in Dayton, the Defense Department said. The contract is in effect through October 2024. RELATED NEWS...
Bacon cravings push pork prices higher
Bacon cravings push pork prices higher

Your love of bacon is causing pork-belly prices to reach record highs. As more and more people reach for a pack of bacon at the grocery store, pig farmers are struggling to keep up the demand, according to a report from the Wall Street Journal. Pork-belly, the part of the hog used to make bacon, have risen around 80 percent in 2017. Americans bought...
Ohio unemployment rate ticks up
Ohio unemployment rate ticks up

Ohio’s unemployment rate rose slightly in June, back up to 5 percent from 4.9 percent in May. The number of unemployed in the state has gradually risen by about 10,000 people in the past year, even as the state added 56,800 jobs from June 2016 to June 2017. Non-agricultural wage and salary employment increased 11,500 over the month, to 5,528...
NASCAR’s Petty helps open Spectrum
NASCAR’s Petty helps open Spectrum

Although the Spectrum Brands Global Auto Care center in Dayton has been preparing, packaging and shipping products for months, it got an official opening Thursday, with a little help from some friends — including a NASCAR legend. Richard Petty has been associated with STP gas and oil treatment products for some 46 years. “I’ve followed...
Longtime Urbana auto dealer sold to SVG Motors
Longtime Urbana auto dealer sold to SVG Motors

A growing chain of car dealerships recently stepped in to buy one of the longest-running family owned businesses in Urbana, with plans to add additional employees and renovate the business. SVG Motors, an auto dealer with locations in Dayton, Eaton and Greenville, has purchased Trenor Motors for an undisclosed price. READ MORE: Springfield Airport...
More Stories