COLUMBUS, Ohio (WCMH) – Central Ohio gas prices took a tumble over the past week, continuing the roller-coaster trend over the past several weeks.
According to GasBuddy’s survey of 500 stations in and around Columbus, Ohio, gas prices have fallen 20.6 cents in the last week to average out at $3.00 per gallon. The current price is 12.2 cents lower than four weeks ago and 55.2 cents lower than this time one year ago.
Columbus Gas Prices Tracker
The cheapest gas station in the Columbus area was priced at $2.56 a gallon on Sunday, while the most expensive was $3.29, a difference of $73 per gallon. In Ohio, the average price of gas also dropped by 23.4 cents from $3.15 per gallon to $2.92 per gallon.
Nationally, gas prices also inched lower by 2.7 cents per gallon to reach $3.08. The price of diesel followed suit, falling 1.8 cents, settling in at $3.69 per gallon.
What is price cycling?
GasBuddy’s head of petroleum analysis Patrick De Haan says he expects more of the same in midwestern states, which typically go through larger, abrupt changes due to price-cycling strategies.
“Price-cycling markets again saw the largest weekly swings, with Florida and Michigan cycling upward, while Indiana and Ohio experienced sharp declines but may be due for jumps this week.”
