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NewsGas Prices Rise 18 Cents
5/11/2009 6:56:52 AM | Associated Press
Ohio gasoline prices have jumped 18 cents in the last week as hopes for an economic recovery again had oil prices rising.
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A survey from AAA, the Oil Price Information Service and Wright Express shows regular-grade gas is averaging about $2.25 a gallon statewide, up from $2.07 last Monday.
Last year at this time, Ohio motorists paid an average of around $3.75 for regular.
Oil prices dropped slightly Monday to about $57 per barrel from more than $58 a barrel last week as traders adjusted for weak U.S. oil demand and hefty oversupplies of crude.
The cost of oil had been rising since April as consensus grew among traders that the global economic may have hit its bottom.
On the Net:
AAA Daily Fuel Gauge Report for Ohio: http://www.fuelgaugereport.com/OHavg.asp
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Comments
posted at 5/11/2009 9:48:17 AM (9393)
alex said:
Boy, those oil-mongers are just dying for the rebound when they can rape consumers again! Way to go!
posted at 5/11/2009 12:25:30 PM (9398)
missfit said:You said it alex. We all seen this coming.
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