AKRON, Ohio — Gas prices have dropped across Northeast Ohio within the last week -- and GasBuddy predicts more financial relief is on the way throughout the days ahead.
The average price for a gallon of gas in Akron is now listed at $3.29 after dropping 14.4 cents, according to new data released early Monday by GasBuddy.
Cleveland’s gas prices have fallen 11.3 cents per gallon as the city’s average now stands at $3.37. This latest drop puts Cleveland 26.4 cents lower than a month ago and 72.4 cents cheaper than one year ago.
LIST & MAP: Where to find the cheapest gas prices near you
The national average, meanwhile, has fallen 7.5 cents per gallon within the last week, with the average cost at $3.50. That’s down 7.5 cents from last month and 80.7 cents lower than a year ago.
"For the third straight week, consumers have been greeted by falling gasoline prices across a majority of the country, thanks to oil prices holding near recent lows and the transition to summer gasoline being essentially complete,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While there have been a few pockets of rising prices, those have been the needle in the haystack, with nearly every single state seeing gas prices fall. In addition to gasoline prices declining, the average price of a gallon of diesel will join gasoline in the days ahead, falling below $4 per gallon in the next 48 hours or so, a sign of how far we've come. Americans are spending hundreds of millions less on fuel every week compared to a year ago, and that's a number that could rise further as prices are poised to continue trending lower this week."
Here's a look at historical gasoline prices in Cleveland and the national average going back 10 years:
- May 8, 2022: $4.10/g (U.S. Average: $4.31/g)
- May 8, 2021: $2.87/g (U.S. Average: $2.96/g)
- May 8, 2020: $1.82/g (U.S. Average: $1.83/g)
- May 8, 2019: $2.67/g (U.S. Average: $2.88/g)
- May 8, 2018: $2.77/g (U.S. Average: $2.82/g)
- May 8, 2017: $2.22/g (U.S. Average: $2.33/g)
- May 8, 2016: $2.17/g (U.S. Average: $2.21/g)
- May 8, 2015: $2.52/g (U.S. Average: $2.66/g)
- May 8, 2014: $3.71/g (U.S. Average: $3.67/g)
- May 8, 2013: $3.67/g (U.S. Average: $3.54/g)
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Editor's note: Video in the player above was originally published in an unrelated story on Feb. 20, 2023.