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Published: Monday, 7/16/2012

Ohio gas prices drop after spiking during holiday week

ASSOCIATED PRES

COLUMBUS — Ohio drivers are paying less at the pump after gas prices spiked during the Fourth of July holiday week.

The average price for a gallon of regular gas was $3.36 in Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. That’s down 15 cents from a week ago.

A year ago, the average was $3.62.

Nationally, the average price for regular gas is about $3.40, a couple of pennies higher than last week.

There are signs that crude oil supplies face some constraints, which could push prices higher.

U.S. oil supplies swelled in June to 22-year highs. They’ve declined since then, as demand started to rise again in the United States. Refineries have cranked up fuel production.

Find the lowest gas prices in Toledo at toledoblade.com/gas.



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