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Gas prices drop 24 cents in Akron, 14 cents in Cleveland: Why GasBuddy says prices in Great Lakes will 'drift lower'

'Diesel and heating oil prices are likely to continue to rise as extremely low inventories of middle of the barrel products like these two push prices higher.'

AKRON, Ohio — After gas prices spiked throughout Northeast Ohio in recent weeks, drivers are now experiencing some relief once again.

Akron's gas prices have dropped 24.2 cents within the last week with the average price now listed at $3.67 per gallon, according to new data released by GasBuddy early Monday.

LIST & MAP: Where to find the cheapest gas prices near you

In Cleveland, prices are down 14.4 cents per gallon with the average cost at $3.76. Even with this drop, Cleveland’s gas prices are 34.4 cents more per gallon than one month ago and 52.3 cents more than one year ago.

The national average, meanwhile, is at $3.86 per gallon after prices dropped 5.4 cents in the last week.

"After a sharp rise in the national average over the last few weeks, we've seen an abrupt, yet expected decline as refinery issues have eased in the West and Great Lakes, overpowering some increases elsewhere. Though at the same time, diesel prices have soared," said Patrick De Haan, head of petroleum analysis at GasBuddy. "We'll see a continued sharp drop in gas prices on the West Coast, including areas like Las Vegas and Phoenix, which are supplied by refiners in California, as refinery outages have been addressed. The Great Lakes will see prices drift lower as BP's Whiting refinery is soon to complete maintenance. In addition, oil prices have cooled off slightly after OPEC+'s decision to cut production, and that should slow increases elsewhere. Diesel and heating oil prices are likely to continue to rise as extremely low inventories of middle of the barrel products like these two push prices higher."

Historical gasoline prices in Cleveland and the national average going back 10 years:

  • October 17, 2021: $3.24/g (U.S. Average: $3.30/g)
  • October 17, 2020: $2.04/g (U.S. Average: $2.16/g)
  • October 17, 2019: $2.56/g (U.S. Average: $2.67/g)
  • October 17, 2018: $2.64/g (U.S. Average: $2.86/g)
  • October 17, 2017: $2.30/g (U.S. Average: $2.45/g)
  • October 17, 2016: $2.14/g (U.S. Average: $2.23/g)
  • October 17, 2015: $2.30/g (U.S. Average: $2.26/g)
  • October 17, 2014: $3.11/g (U.S. Average: $3.13/g)
  • October 17, 2013: $3.42/g (U.S. Average: $3.35/g)
  • October 17, 2012: $3.55/g (U.S. Average: $3.75/g)

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Editor's note: Video in the player above was originally published in an unrelated story on Oct. 17, 2022.

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