Auto Club: Gas prices drop as we buy less

SANDUSKY Supply and demand works. Look for gas prices to continue to drop because people aren't buying as much, the Oh
Sandusky Register Staff
May 24, 2010

 

SANDUSKY

Supply and demand works.

Look for gas prices to continue to drop because people aren't buying as much, the Ohio Auto Club said Friday.

The average price for a gallon of regular unleaded gasoline Friday was $2.93 across Ohio, the auto club said in a news release.

Meanwhile, the national average was $2.97 a gallon.

Gas prices in and around Sandusky ranged Friday from $2.95 for a gallon of regular unleaded along Venice Road to $2.87 on Milan Road, according to an unofficial, drive-by survey of gas stations.

The cheapest gas -- $2.79 a gallon -- is in Missouri, while New Yorkers continue to pay the most -- $3.40 -- at the pump.

The auto club, which is the Ohio chapter of the American Automobile Association, bases its price surveys on credit card transactions compiled for its Daily Fuel Gauge Report, online at fuelgaugereport.com.

According to the auto club, the U.S. Department of Energy reported fuel inventories at a 14-year high, driven in part by a "suppressed demand for fuel" during the last two months.