Local gas prices decline compared to previous week

Credit: Images by Fabio

Credit: Images by Fabio

UPDATE @6:41 a.m. 07/20/17

Local gas prices in Dayton gone up since Monday, according to GasBuddy.com data.

READ: Miami Valley local news

The average price of gas in Dayton increased 7 cents from $2.14 on Monday to $2.21 on Thursday. The lowest cheapest gas Thursday morning is $2.01 at Sam's Club on Miller Lane.

RELATED: Dayton traffic from the WHIO Traffic Center

In Hamilton, the average price for a gallon of gas remained the same, $2.18, Monday and Thursday, however GasBuddy.com reports prices in this area are falling. The cheapest gas is $1.99 at Five Points Markets on Grand Boulevard.

In Springfield, the average price for a gallon of gas increased 8 cents from $2.13 on Monday to $2.21 on Thursday. The cheapest gas is $2.05 at Marathon on Springfield-Xenia Road.

EARLIER REPORT

DAYTON — Average retail gasoline prices in Dayton have fallen 11.0 cents per gallon in the past week, averaging $2.13 per gallon on Sunday, according to GasBuddy's daily survey of 391 gas outlets in Dayton.

This compares with the national average that has fallen 1.7 cents per gallon in the last week to $2.24 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Dayton during the past week, prices on Sunday were 14.7 cents per gallon lower than the same day one year ago and are 3.9 cents per gallon higher than a month ago. The national average has decreased 5.0 cents per gallon during the last month and stands 3.3 cents per gallon higher than this day one year ago.

LOCAL: Reports of flooding, damage after heavy rain; flood advisory in effect

"As expected, gasoline prices over the last week were mixed,” said Patrick DeHaan, a GasBuddy.com senior petroleum analyst. “While the national average edged lower by a couple cents nearing its lowest of the summer, 20 states saw average prices move higher, two states saw prices little changed, while 28 saw average prices decline."

The average price for a gallon of gas in Dayton Monday morning is $2.14, with prices stable, according to GasBuddy.com. The cheapest gas Monday morning is $2.07 at Marathon on Riverside Drive.

In Hamilton, the average price for a gallon of gas is $2.18, with prices stable. The cheapest gas is $2.05 at Five Points Markets on Grand Boulevard.

In Springfield, the average price for a gallon of gas is $2.13, with prices stable. The cheapest gas is $2.07 at BP on E. Main Street.

"Oil prices, after sagging to close the month of June, had started July by surging, only to let up shortly after,” DeHaan said. “Last week, however, the market resumed the rise, posting a 5 percent weekly gain, so we're likely again to see something of everything: gas prices rising in most areas, falling in a few, and perhaps changing little in a handful of places as well. The bigger issue we're now looking at that could affect gasoline prices are a last minute special meeting OPEC will be holding on July 27. It remains a bit of a mystery what, if anything, they may decide, but all eyes will be focused on any policy changes or production changes."

About the Author