Local gas prices up as demand increases
WARREN — Area gas prices Monday averaged a jump of about 17 cents over where they were the same day last week.
At least part of that increase, also seen nationally and statewide, can be attributed to recent demand, according to the Energy Information Administration, which reported that demand for gasoline at the end of October was the highest it’s been for the same period since 2006.
“October has seen strong demand numbers likely, in part, due to consumers taking advantage of the unseasonably warm weather rather than spending time indoors,” said Jeanette Casselano, AAA spokesperson.
However, the trend isn’t expected to last long, Casselano said.
In the Warren-Youngstown area, the average cost of a gallon of regular gasoline on Monday was $2.57, AAA reported. That’s up from $2.40 the same day last week, $2.31 last month and $2.07 a year ago.
Ohio, with a 20 cent week-to-week jump, was among the nation’s 10 states with the largest increases. On Monday, the average price for a regular gallon of gas in Ohio was $2.64. That’s up from $2.44 a week ago, $2.30 last month and $2.11 the same day last year.
The national gas price average during the second half of October was relatively stable, fluctuating a penny or two until Oct. 31. Since, the national price has seen upward movement. On Monday, the average national gas price was $2.53 per gallon, compared to $2.47 the same day last week, $2.51 the prior month and $2.22 a year ago.