CLEVELAND — Finally, there's some good news as you make your journey to the gas pump in Northeast Ohio.
The average price for gasoline across Northeast Ohio is eight cents lower this week at $4.053 per gallon, according to AAA East Central’s Gas Price Report.
Here are some average prices for communities across the area:
- Cleveland - $4.052
- Akron - $4.041
- Lorain - $3.942
- Elyria - $4.088
- Mentor - $4.113
- Parma - $4.046
- Ashtabula - $4.097
Gas prices guide: Where to find the cheapest prices near you
Monday's national average for a gallon of gas is $4.18, which is six cents less than a week ago, 35 cents more than a month ago, and $1.31 more than a year ago.
Ohio's average for a gallon of gas is $3.960, which is eight cents less than last week, 23 cents higher than last month, and $1.17 more than last year.
AAA reports gasoline prices have been decreasing across the country as crude oil prices have been on the decline for the past several days. They point to President Biden’s decision to release one million barrels of oil per day for six months (180 million barrels) from the Strategic Petroleum Reserve (SPR) as a major factor in sending the global oil price tumbling to near $100 bbl.
“The upward push on oil prices caused by Russia’s war in Ukraine is meeting stronger downward pressure from the planned SPR oil release and increased COVID fears in China,” said Andrew Gross, AAA spokesperson. “And lower global oil prices are reflected in falling pump prices for consumers in the U.S.”
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