Gas prices falling in Northeast Ohio: Down 14 cents in Akron, 10 cents in Cleveland

AKRON, Ohio — After experiencing a spike last week, gas prices have dropped 13.9 cents per gallon in Akron and 10.5 cents in Cleveland.

The average is now listed at $3.45 per gallon in Akron and $3.54 in Cleveland, according to new data released early Monday morning by GasBuddy.

For context, prices in Cleveland are currently 38.9 cents per gallon cheaper than one month ago, but remain 61.7 cents more than one year ago.

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

“The national average has declined for another week, extending the slide for the eleventh straight week (down another five cents to $3.81),” says Patrick De Haan, head of petroleum analysis at GasBuddy. “Gas prices are now $1.20 per gallon lower than mid-June with Americans spending $450 million less on gasoline every day as a result. Some issues have developed that we're keeping a close eye on, including the shut down of the largest refinery in the Midwest. While that refinery may get back online sooner rather than later, it's not impossible that down the road the situation could impact prices in the region. For the rest of the country, however, we'll continue to see prices moderate. This is of course subject to hurricane season, and it does appear that the tropics are starting to see some activity, so there's no guarantee the decline will continue."

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

• August 29, 2021: $2.93/g (U.S. Average: $3.12/g)
• August 29, 2020: $2.30/g (U.S. Average: $2.23/g)
• August 29, 2019: $2.60/g (U.S. Average: $2.57/g)
• August 29, 2018: $2.77/g (U.S. Average: $2.83/g)
• August 29, 2017: $2.29/g (U.S. Average: $2.40/g)
• August 29, 2016: $2.19/g (U.S. Average: $2.22/g)
• August 29, 2015: $2.37/g (U.S. Average: $2.49/g)
• August 29, 2014: $3.35/g (U.S. Average: $3.43/g)
• August 29, 2013: $3.59/g (U.S. Average: $3.56/g)
• August 29, 2012: $3.87/g (U.S. Average: $3.81/g)

MORE HEADLINES: 

• Another interest rate hike is likely in coming months, Fed Reserve Chair says
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Editor's note: Video in the player above was originally published in an unrelated story on Aug. 25, 2022.

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