Gas Prices Locally Not Following National Trend

While gas prices across the country have declined, prices at the pump have increased in the Midwest, to include northeastern Ohio.

According to a report released by AAA, gas prices in the region have increased about 22 cents a gallon to $3.66 over the last week. The statewide average is $3.64 a gallon, ranking Ohio 11th in the nation.  The cheapest price in the area was reported in Niles at $3.58 a gallon, and the highest in Independence at $3.70.

In contrast, most motorists nationwide are paying less at the pump than a month ago, according to AAA. The national average is at $3.52 a gallon. But in the Midwest, prices have climbed sharply following supply concerns from heavy rains in the region.

The storms and resulting power outages have provided the catalyst for higher retail prices. In addition, analysts had warned that the region was susceptible to price increases as regional refineries had yet to undergo maintenance and make the transition to summer-blend gasoline production, the report said.

Driving prices lower in other parts of the nation are low demand, continued disappointing economic news and lower crude oil prices.

At the close of trading Monday, oil was up 88 cents at $88.81 a barrel.

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