Gas prices in Ohio continue to decline

Ohio gas prices have fallen 5 percent from last week as the cost of gasoline goes down nationwide along with oil prices, according to the Associated Press.

A survey from auto club AAA, the Oil Price Information Service and Wright Express shows the Ohio average price for regular-grade gasoline is now $3.49 a gallon, down from $3.66 last Monday.

The average local gasoline price has dropped nearly 21 cents, in a week, to $3.40 a gallon, according to DaytonGasPrices.com, an online gasoline price watchdog.

As of 8 a.m. Monday, the lowest gasoline price was $3.31 a gallon and that price could be found at the Valero gas station at the corner of Miller Lane and Maxton Road in Butler Twp.

The highest gasoline price at that time was $3.69 a gallon and that could be found at the Sunoco, 10 E. Central Ave., in Springboro.

Ohio’s drop in gas prices is following with national trends.

The average national gasoline price has dropped five cents, in a week, to nearly $3.66 a gallon. Pump prices in Ohio have declined from the all-time high of $4.16 for regular reached on May 4. Gas has dropped as a strengthening U.S. dollar has helped drag the price of crude oil down from almost $115 early last month. A rising dollar makes commodities such as oil more expensive and less attractive for investors with other currencies.

Gas still costs more in Ohio than it did a year ago, when regular was averaging $2.72.