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Gas prices drop for 4th straight week in Cleveland and Akron: GasBuddy warns of possible spike in August

Gas prices are down 15.6 cents per gallon in Cleveland within the last week, while Akron is down 16.3 cents.

CLEVELAND — Gas prices are down once again throughout Northeast Ohio, marking the fourth consecutive week that drivers have seen some slight relief at the pump.

So how much cheaper is gas right now?

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

Gas prices in Cleveland have dropped 15.6 cents within the last week with the average cost now listed at $4.58 per gallon, according to new data released early Monday by GasBuddy. That means gas prices in Cleveland are currently 46.4 cents cheaper than one month ago, but remain $1.63 higher than last year.

Akron gas prices, meanwhile, are down 16.3 cents per gallon with the average cost now at $4.41 per gallon.

“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020,” says Patrick De Haan, head of petroleum analysis at GasBuddy. “Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago. We may see the trend last a fifth week, as long as oil prices remain cooperative and don't surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we're not completely out of the woods yet - we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue."

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

  • July 11, 2021: $2.95/g (U.S. Average: $3.13/g)
  • July 11, 2020: $2.18/g (U.S. Average: $2.19/g)
  • July 11, 2019: $2.81/g (U.S. Average: $2.77/g)
  • July 11, 2018: $2.81/g (U.S. Average: $2.89/g)
  • July 11, 2017: $2.15/g (U.S. Average: $2.25/g)
  • July 11, 2016: $2.08/g (U.S. Average: $2.22/g)
  • July 11, 2015: $2.61/g (U.S. Average: $2.76/g)
  • July 11, 2014: $3.47/g (U.S. Average: $3.63/g)
  • July 11, 2013: $3.51/g (U.S. Average: $3.52/g)
  • July 11, 2012: $3.45/g (U.S. Average: $3.38/g)

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Editor's note: Video in the player above was originally published in an unrelated article on July 11, 2022.

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