Gas prices drop nearly 15 cents in Akron, 9 cents in Cleveland: See what GasBuddy is saying

AKRON, Ohio — Gas prices have dropped in Northeast Ohio within the last week.

Drivers in Akron are now paying an average of $3.42 per gallon, which is down 14.8 cents when compared to last week.

The new data released by GasBuddy early Monday also says Cleveland’s gas prices have fallen 9.5 cents per gallon, bringing the city’s average to $3.47. That puts the city’s average 1.8 cents higher than a month ago and 1.3 cents higher than a year ago.

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

The national average, meanwhile, is now listed at $3.44 per gallon after falling 3.5 cents in the last week.

"With oil prices plummeting due to new concerns over the U.S. economy after a poor jobs report, gasoline prices have seen downside in many states, with potential for more to join that trend this week as previous refinery disruptions in the Great Lakes region fade away and the restart process begins," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Diesel prices have also continued to drop, and while Tropical Storm Debby drops buckets of rain on Florida and the Southeast, it poses low risk to refineries or refined product pipelines, so the storm is not a major concern. With the Middle East on alert after Israel's attacks on Hamas and Hezbollah, there could be an impact on oil prices; however, with an inability to predict the outcome, I for now expect gasoline prices in most states to gently decline in the week ahead, with the Middle East situation being a wildcard."

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Here's a look at historical gasoline prices in Cleveland and the national average going back 10 years as listed by GasBuddy:

• August 5, 2023: $3.46/g (U.S. Average: $3.81/g)
• August 5, 2022: $3.73/g (U.S. Average: $4.06/g)
• August 5, 2021: $2.97/g (U.S. Average: $3.19/g)
• August 5, 2020: $2.10/g (U.S. Average: $2.17/g)
• August 5, 2019: $2.74/g (U.S. Average: $2.70/g)
• August 5, 2018: $2.78/g (U.S. Average: $2.86/g)
• August 5, 2017: $2.26/g (U.S. Average: $2.34/g)
• August 5, 2016: $2.10/g (U.S. Average: $2.12/g)
• August 5, 2015: $2.27/g (U.S. Average: $2.63/g)
• August 5, 2014: $3.45/g (U.S. Average: $3.48/g)

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