Tags: Gasoline | Prices | oil | economy

Gasoline Prices Drop Across US Amid Economic Slowdown

Monday, 04 June 2012 11:52 AM

Gasoline prices are falling in Ohio and nationally amid disappointing job growth and other symptoms of weakening economic conditions in the U.S. and around the globe.

The average price for regular gas in Ohio is about $3.56 a gallon in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's down 12 cents from a week ago.

Gas cost about $3.93 a gallon at this time last year.

A plunge in oil prices has knocked more than 30 cents off of the price of a gallon of gas in most parts of the U.S. since early April. Experts predict further declines in the next few weeks.

Nationally, the average price for regular gas slipped to about $3.59, down a nickel from last week.

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Monday, 04 June 2012 11:52 AM
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