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AAA: Ohio Gas Down 8 Cents Since Last Week

By: Associated Press
By: Associated Press

Columbus, Ohio (AP) -- Ohio gasoline prices have backtracked a little bit, after rising to their highest levels of the year.

The latest survey from auto club AAA, the oil price information service and Wright Express puts the statewide average for regular at $2.72 per gallon, down 8 cents from last Monday's $2.80.

The decline comes amid a slight dip in oil prices attributed to a strengthening dollar.

Traders also are beginning to question whether this spring's run-up in the cost of oil is supported by supply-and-demand factors.

Oil prices have more than doubled since March.

Ohio motorists continue to pay much less for gas than they did last year at this time, when regular was averaging $3.98.

(Copyright 2009 By The Associated Press. All Rights Reserved.)


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