Area gas prices up eight cents

Northeast Ohio gas prices rose eight cents to an average of $3.60 this week, according to the American Automobile Association’s East Central office.

Gas prices are expected to continue to rise in the coming weeks due to seasonal maintenance on oil refineries. However, the national price at the pump is unlikely to surpass last year’s high, according to AAA, which expects the price to peak between $3.55 and $3.75, barring any unexpected market-moving events. If rapidly escalating geopolitical tensions with Russia in the Ukraine impact global oil supply, prices could see a bump.

Tuesday’s national average price at the pump is $3.46 per gallon. That price is three cents more expensive than one week ago and 18 cents more than one month ago. National prices remain 29 cents per gallon less than the same date last year.

Russia is the third-largest oil-producing nation, at 10.4 million barrels per day, according to the most recent Energy Information Administration data.

The following is a list of the average price of unleaded self-serve gasoline in various areas, according to AAA:

$3.600 Alliance
$3.620 Ashland
$3.556 Ashtabula
$3.659 Aurora
$3.649 Chesterland
$3.595 Cleveland
$3.589 Elyria
$3.635 Independence
$3.574 Lorain
$3.643 Lyndhurst
$3.565 Massillon
$3.620 Mentor
$3.556 New Philadelphia
$3.541 Niles
$3.595 Norwalk
$3.596 Oberlin
$3.586 Parma
$3.536 Ravenna
$3.655 Solon
$3.599 Willard

 

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