Monday, 15 October 2018 09:36

Gas Prices Falling in Akron Featured

Written by
Gas Buddy Gas Buddy GasBuddy.com

Gas prices in Akron are down nearly 12 cents over the past week, averaging out at $2.60 per gallon of regular unleaded, as of Sunday night. That's 9 cents less than the Cleveland area, and 8 cents below the statewide average.

Patrick DeHaan with GasBuddy.com says that the Great Lakes states are reaping the most benefits of the recent drop in oil prices as the area has seen the largest drop in the price at the pump.

See the full press release from GasBuddy.com below:

Gasoline prices in Akron have fallen 11.7 cents per gallon in the past week, averaging $2.60/g yesterday, according to GasBuddy's daily survey of 372 stations in Akron. This compares with the national average that has fallen 2.6 cents per gallon versus last week to $2.88/g, according to GasBuddy.

Average gasoline prices on October 15 in Akron have ranged widely over the last five years:
$2.32/g in 2017, $2.15/g in 2016, $2.37/g in 2015, $3.10/g in 2014 and $3.34/g in 2013. 

Including the change locally during the past week, prices yesterday were 28.1 cents per gallon higher than a year ago and are 14.1 cents per gallon lower than a month ago. The national average has increased 2.6 cents per gallon during the last month and stands 42.5 cents per gallon higher than a year ago.

Areas near Akron and their current gas price climate:
Cleveland- $2.69/g, down 12.0 cents per gallon from last week's $2.81/g.
Pittsburgh- $3.13/g, down 1 cent per gallon from last week's $3.14/g.
Ohio- $2.68/g, down 11.0 cents per gallon from last week's $2.79/g.

"The last week has seen a flurry of events to keep an eye on, while the recent drop in oil prices materialized at pumps across the country, but no where have the declines been as large as Great Lakes states," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Great Lakes states have wreaked havoc on the national average, sending it down considerably as stations there have passed along the recent drop in oil prices relatively quickly. However, while Great Lakes motorists were seeing lower prices, average prices along the West Coast, mainly in Washington and Oregon, have started to jump after a natural gas pipeline explosion last week pushed some refineries to close. In addition, events in Saudi Arabia bear monitoring as the West claims the Kingdom is behind the disappearance of a Washington Post journalist and could rile tensions between the world's largest oil consumer and one of the world's largest oil producers. I believe gas prices in most areas East of the Rockies will drift lower, but keep an eye out on these new developments. I don't know that I've ever seen autumn so rife with possible volatility at the pump as we're seeing now."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com

About GasBuddy
GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.

Read 453 times