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Jenifer Moore
Public Affairs Specialist, OH
O: (513) 762-3105 ext. (5503105)
C: (513) 401-4911
jmoore1@aaa-alliedgroup.com
CINCINNATI, Oh. (March 31, 2020) – The national average for a gallon of regular gasoline dropped below $2 per gallon for the first time in four years. Today’s national gas price average is $1.99. Here in Ohio the average is $1.63 with motorists able to find gas for less than $2.00/gallon at 99% of gas stations. AAA expects gas prices to push cheaper by at least another quarter in April.
The decline is due to COVID-19’s chilling effect on the global economy and the crude oil price war between Saudi Arabia and Russia. Crude has plummeted to $20/bbl – a closing price not seen since 2002. For the last 52 weeks, crude oil (West Texas Intermediate) has averaged $56/bbl with the national pump price average at $2.63.
Gas Prices From AAA
Average price per gallon of self-serve, regular gasoline.
Gas prices provided by AAA, http://gasprices.aaa.com/
|
Today |
Change Since Yesterday |
Last Month |
Last Year |
National |
$1.99 |
Down two cents |
$2.44 |
$2.69 |
Ohio |
$1.63 |
Down two cents |
$2.30 |
$2.59 |
Kentucky |
$1.67 |
Down two cents |
$2.29 |
$2.62 |
Cincinnati |
$1.60 |
Down one cent |
$2.26 |
$2.66 |
Dayton |
$1.51 |
Down one cent |
$2.26 |
2.62 |
Toledo |
$1.58 |
Down three cents |
$2.27 |
2.47 |
The last time gas prices dropped lower than $2.00 in Ohio was January 31, 2016 at $1.63/gallon.
The last time gas prices dropped lower than $2.00 in the Cincinnati tri-state area was November 16, 2016 at $1.98/gallon.
“AAA expects gas prices to keep dropping as cheap crude combines with the realities of people are staying home and less demand for gas,” said Jenifer Moore, AAA spokesperson. “While demand is diminishing, COVID-19 is not impacting the U.S. gasoline supply.”
In fact, the U.S. has an unusual amount of winter-blend gasoline still available for this time of year. This caused the Environmental Protection Agency to extend the sale of winter-blend past the May 1 deadline to May 20. The agency said they would continue to monitor and may extend the waiver again.
“The EPA’s extension of the winter-blend gasoline waiver will contribute to sustained lower prices, especially as U.S. gasoline demand readings look more like winter-driving season than spring,” added Moore.
AAA forecasts that until crude oil prices and gasoline demand increase, cheaper gas prices are here for the foreseeable future.
For those motorists who are not driving, AAA offers these car care tips for longer-than-expected parked vehicles:
AAA provides automotive, travel, and insurance services to 60 million members nationwide and nearly two and a half million members in Ohio. AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years. AAA is a non-stock, non-profit corporation working on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app (AAA.com/mobile) for iPhone, iPad and Android. For more information, visit www.AAA.com.
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Cheryl Parker
Director Public & Government Affairs, OH
O: (513) 762-3372 ext. (5503372)
C: (513) 560-0972
cparker@AAA-AlliedGroup.com
Who's in the Driver's Seat? The Transformation of Transportation
On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.
This event had:
View a slideshow from the event
This TEDx WilmingtonSalon was organized in partnership with AAA
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