Gas Prices Rising In Ohio To Start August

CLEVELAND, OH — Much of the summer of 2017 has been marked by cheaper-than-usual gas prices for drivers. As the dog days of summer kick into full swing, fuel prices may be rising steadily along with the thermometer.

On July 17, the average cost for a gallon of regular in Ohio was $2.21. By July 24, the average price of a gallon of regular gas had risen to $2.31, according to travel organization AAA, which monitors fuel prices across the nation.

“Demand has remained strong as gasoline stocks dip for a fifth consecutive week, driving up prices at the pump,” said Jeanette Casselano, AAA spokesperson in a statement. “For much of the summer, gas prices have been fairly cheap. Those days are in the rearview mirror.”

In fact, for much of the summer, gas prices in the Buckeye State have been well below where they were a year ago. That is certainly no longer the case. A year ago, at this time, Ohioans were paying $2.09 at the pump for a gallon of regular.

The Energy Information Administration notes that gasoline stocks took a huge dip — 4.4 million bbl — for the first time in five weeks. Fuel levels were subsequently brought down to 231 million bbl, AAA notes.

In the Great Lakes region, that has meant steep price increases at the pump. Ohio saw the second largest jump in the nation in the average cost of a gallon of regular over the seven day period between July 17 and July 24, as fuel prices rose 7 cents. Only Indiana saw a larger increase over those seven days, with Hoosiers paying 8 cents more at the pump.

Find more information on gas price averages by checking out AAA's website.

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