Dayton Gas Prices Dip 13 Cents In Past Week

By Dayton Business Journal

Local gas prices have made a modest decline in the past week, but remain higher than they were at this time a year ago.

On Monday, Dayton-area gas prices averaged $3.23 per gallon for regular unleaded fuel, down about 13 cents from a week ago and about 10 cents from last month, according to AAAâ¿¿s Fuel Gauge Report.

One year ago, the price at the pump was $2.81 per gallon.

Although regular gas prices are down from this past week and a month ago, diesel fuel prices have fluctuated. The price per gallon locally is down 2 cents from last month, but up two cents from a week ago at $3.82.

The fluctuating gas prices have been felt by companies across all industries.

Trucking firms are especially sensitive to the spikes and the Dayton region has a booming trucking hub due to its location near the intersection of Interstates 75 and 70.

Daytonâ¿¿s gas prices are among the lowest in the state. Cincinnati and Cleveland gas prices currently average $3.28 and $3.29, respectively.

The statewide average is $3.26 per gallon, which is among the lowest in the U.S.

Hawaii has the highest gas prices, with regular unleaded gas at an average $4.20 per gallon, followed by Alaska at $4.01. The national average is $3.45.

Although local gas prices are down, many markets are seeing higher gas prices.

⿿Although crude prices have increased, they are doing so in very small increments, meaning there really isn⿿t enough positive news in the market to give oil prices a major boost,⿝ said Jessica Brady, AAA Auto Club spokeswoman, in a statement. ⿿Retail gas prices continue to inch up as well although it looks like the rate of increase has started to slow. Prices are likely to continue their upward trend through the remainder of October until news is released on whether or not agreements were made and a final plan presented for Europe⿿s bailout.⿝

Copyright 2011 American City Business Journals

http://www.bizjournals.com/dayton/news/2011/10/24/dayton-gas-prices-dip-13-cents-in-past.html?ana=thestreet

Copyright bizjournals.com 2010

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