Summer driving season expected to stabilize gas prices in northeast Ohio

The average price for gasoline across Northeast Ohio is six cents lower this week at $3.553 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Northeast Ohio Average

$3.553

Average price during the week of May 20, 2024

$3.619

Average price during the week of May 30, 2023

$3.521

Gas prices across northeast Ohio

Average prices of the unleaded self-service gasoline in various areas:

$3.612 Alliance

$3.553 Ashland

$3.535 Ashtabula

$3.699 Aurora

$3.555 Chesterland

$3.554 Cleveland

$3.505 Elyria

$3.569 Independence

$3.494 Lorain

$3.616 Lyndhurst

$3.354 Massillon

$3.540 Mentor

$3.638 New Philadelphia

$3.549 Niles

$3.602 Norwalk

$3.531 Oberlin

$3.520 Parma

$3.506 Ravenna

$3.626 Solon

$3.532 Willard

$3.539 Youngstown

Why are gas prices falling?

As the “unofficial beginning of the summer driving season” begins, gas prices are mostly stable across the country. Today’s national average is $3.58, which is a penny cheaper than a week ago, seven cents cheaper than a month ago and a penny higher than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand rose from 8.87 million b/d to 9.31. Meanwhile, total domestic gasoline stocks decreased slightly from 227.8 to 226.8 million barrels, while gasoline production increased, averaging 10.0 million daily barrels. AAA will monitor gasoline demand in the coming weeks, as increased road trips could drive up prices at the pump.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

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