AAA: Ohio Gas Prices Up 4 Cents From Last Week

By: The Associated Press
By: The Associated Press

Columbus, Ohio (AP) -- Rising oil prices have helped to push Ohio gas prices up 4 cents in the last week, back above the $2 mark.

A survey from AAA, the oil price information service and wright express shows the statewide average for a gallon of regular is now about $2.01, up from $1.97 last Monday.

Gas remains much cheaper than it was a year ago, when Ohioans paid an average $3.29 for regular.

Oil prices rose above $52 a barrel last week on hopes that the U.S. economy will recover in the second half of this year. Energy traders will be tracking a slew of quarterly corporate results this week for signs that the worst of the downturn is over.

Oil prices have rallied from below $35 a barrel in February, mirroring a jump on stock markets.

(Copyright 2009 by The Associated Press. All rights Reserved.)

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