AKRON, Ohio — The average price for a gallon of gas in Akron and Cleveland has now dropped below $3 per gallon, according to new data released early Monday by GasBuddy.
Drivers in Akron are now paying an average of $2.95 per gallon after prices fell 21 cents within the last week.
LIST & MAP: Where to find the cheapest gas prices near you
Cleveland saw prices drop 17.8 cents, bringing the city’s average to $2.98. That puts Cleveland’s prices 12 cents lower than a month ago and 27.5 cents cheaper than a year ago.
The national average, meanwhile, stands at $3.13 per gallon after falling 3.3 cents. That price is down 6.2 cents from a month ago and 39.7 cents lower than a year ago.
"The median U.S. price for gasoline has just slipped below the $3/gal mark for the first time since early 2024, while the national average price of gasoline has returned to decline as oil prices have begun to cool off after Iran's attack on Israel, due in part to sources saying Israel has agreed not to attack Iran's oil infrastructure," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With the potential of an attack on Iran's oil infrastructure decreasing as a result, the risk calculus for oil is decreasing, and with continued economic weakness in China providing bearish sentiment, oil prices late last week slipped back below the $70 per barrel mark, opening the door for a longer decline to potentially return to the national average. I'm hopeful that the downward trend will continue again this week for a majority of Americans as we see the average price of gasoline start to make a targeted effort to fall below the $3/gal mark for the first time since 2021."
Here's a look at historical gasoline prices in Cleveland and the national average going back 10 years as listed by GasBuddy:
- October 21, 2023: $3.25/g (U.S. Average: $3.52/g)
- October 21, 2022: $3.63/g (U.S. Average: $3.80/g)
- October 21, 2021: $3.22/g (U.S. Average: $3.36/g)
- October 21, 2020: $2.00/g (U.S. Average: $2.16/g)
- October 21, 2019: $2.49/g (U.S. Average: $2.63/g)
- October 21, 2018: $2.60/g (U.S. Average: $2.83/g)
- October 21, 2017: $2.31/g (U.S. Average: $2.44/g)
- October 21, 2016: $2.07/g (U.S. Average: $2.22/g)
- October 21, 2015: $2.22/g (U.S. Average: $2.23/g)
- October 21, 2014: $3.04/g (U.S. Average: $3.08/g)
