CLEVELAND — The average price for a gallon of gas is below $3 in both Akron and Cleveland, according to new data released early Monday by GasBuddy.
Drivers in Cleveland are now paying an average of $2.96 per gallon after prices dipped 4.5 cents within the last week. That puts the city’s prices 27.4 cents cheaper than a month ago and 20.6 cents lower than a year ago.
LIST & MAP: Where to find the cheapest gas prices near you
In Akron, however, prices went up 5 cents. That puts the city's updated average at $2.96 -- the same price as Cleveland.
The national average is now listed at $3.21 per gallon after falling just 0.4 cents within the last week. That’s down 18.9 cents from last month.
"We've barely eked out a drop in the national average over the last week, extending the streak to 11 straight weeks of decline, even as some states have seen prices jump, while others have seen prices continue to inch lower,” explains Patrick De Haan, head of petroleum analysis at GasBuddy. "Motorists can blame the OPEC+ meeting for causing oil to jump early last week and then plummet late last week for the volatility in gas prices. The good news is that as the dust settled, OPEC+ agreed to barely move the needle, deepening their production cuts by an additional 900,000 barrels per day in 2024, with Saudi Arabia extending their own million barrel per day cut through March. However, that wasn't enough to offset concerns of falling global demand, which pushed oil back down to below $73 in Sunday night trading, giving hope that the national average still could fall to $2.99/gal by the end of the year."
Here's a look at historical gasoline prices in Cleveland and the national average on this date going back 10 years:
- December 4, 2022: $3.17/g (U.S. Average: $3.36/g)
- December 4, 2021: $3.19/g (U.S. Average: $3.36/g)
- December 4, 2020: $2.04/g (U.S. Average: $2.16/g)
- December 4, 2019: $2.57/g (U.S. Average: $2.61/g)
- December 4, 2018: $2.14/g (U.S. Average: $2.44/g)
- December 4, 2017: $2.38/g (U.S. Average: $2.47/g)
- December 4, 2016: $2.13/g (U.S. Average: $2.18/g)
- December 4, 2015: $1.90/g (U.S. Average: $2.04/g)
- December 4, 2014: $2.72/g (U.S. Average: $2.72/g)
- December 4, 2013: $3.15/g (U.S. Average: $3.24/g)