COLUMBUS — Ohio gas prices are about 28 cents higher than a year ago as 2012 gets under way.
Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express put the statewide average price for regular gasoline at $3.40 per gallon, up 2 cents from last week. Last year at this time regular was averaging about $3.12 at pumps around Ohio.
Global tensions have been putting pressure on fuel prices. Crude oil traded above $100 a barrel last week amid growing trader concern that friction between Iran and Western powers could disrupt Middle East oil supplies. However, some analysts expect that a slowing global economy led by a likely recession in Europe will help pull down oil prices.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.