Gas prices ‘stable and cheap’ this year

Credit: Joe Raedle

DAYTON — Average retail gasoline prices in Dayton have fallen 13.1 cents per gallon in the past week, averaging $2.21 per gallon on Sunday, according to GasBuddy's daily survey of 391 gas outlets in Dayton.

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This compares with the national average that has fallen 4.0 cents per gallon in the last week to $2.33 per gallon, according to gasoline price website

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"While the national average fell 5 cents per gallon in the last week, the bigger story is that 47 states saw average gas prices move lower in the last week, so this isn't just a here and there trend, it's almost everywhere," said Patrick DeHaan, senior petroleum GasBuddy analyst.

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Including the change in gas prices in Dayton during the past week, prices Sunday were 54.0 cents per gallon lower than the same day one year ago and are 9.3 cents per gallon lower than a month ago. The national average has decreased 0.7 cents per gallon during the last month and stands 5.8 cents per gallon lower than this day one year ago.

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"Oil prices remain near six month lows as fundamentals remain weak- supply remains high even in light of production cuts from OPEC while demand has been mild, not remarkable,” DeHaan said. “Today's national average price for gasoline is the lowest for mid-June since 2005- not an easy record to attain. “

The average price for a gallon of gas in Dayton Monday morning is $2.22, with prices stable, according to The cheapest gas Monday morning is $2.08 at United Dairy Farmers on Harshman Road and Brandt Pike.

In Hamilton, the average price for a gallon of gas is $2.24, with prices stable. The cheapest gas is $2.05 at Speedway on Creekside Drive and Hamilton Middletown Road.

In Springfield, the average price for a gallon of gas is $2.22, with prices stable. The cheapest gas is $2.29 at Marathon on East Main Street and South Belmont Avenue.

“By all measures, gasoline prices this year have been exactly what most motorists seem to love — stable and cheap, two words that rarely have been synonymous with gas prices over the last decade,” DeHaan said. “While many motorists are lured in to that false sense of security, smart motorists continue to shop around and find the best deal as the gas price spread between stations hits record levels, providing enough savings to pay for a snack or food item inside the station."