Average retail gasoline prices in Cleveland have fallen by 3.1 cents per gallon in the past week, averaging $3.53/g Sunday. This compares with the national average that decreased by 1.4 cents per gallon in the last week to $3.58/g, according to gasoline price website ClevelandGasPrices.com.
Including the change in gas prices in Cleveland during the past week, prices Sunday were 97.8 cents per gallon higher than the same day one year ago and are 14.1 cents per gallon lower than a month ago. The national average has moved lower by 10.4 cents per gallon during the last month and stands 86.7 cents per gallon higher than this day one year ago.
“Although crude oil ended another volatile week on the upswing, rising from $79 to settle just above $82 per barrel at Friday’s close, overall demand for gasoline is not likely to increase any time soon and we should not be surprised to see crude oil slip to the mid 70s this week as the price at the pump edges lower too,” says Gregg Laskoski, GasBuddy.com Senior Petroleum Analyst.
Article Courtesy of WOIO 19 Action News