Gas price burden eases 15 cents

Staff Report

Hey drivers, here’s a bit of good news — gas prices fell 15.3 cents per gallon last week to average $2.41 for regular unleaded across the Greater Cleveland area.

A survey of 831 regional gas outlets by shows we’re faring extremely well compared to the national average of $2.73 per gallon.

Wellington gas prices were a bit above the regional point on Monday with signs showing $2.47 at Certified on West Herrick Avenue, Cherry Express and Valero on North Main Street, and Marathon on East Herrick. We also saw the per-gallon price at $2.49 at BP on Kent Street.

GasBuddy’s figures show regional prices down 40.2 cents per gallon over the past month and 98.7 cents than the same day a year ago.

“All but seven states in the U.S. saw a drop in gasoline prices over the last week, with five states seeing a double digit decline per gallon,” said senior petroleum analyst Patrick DeHaan. “So far this July, West Texas Intermediate crude has managed just three days of increases with those increases averaging out to just 72 cents per barrel.”

Meanwhile, the price of crude oil has dropped nearly $10 per barrel since the start of the month, and in areas of the country where refineries haven’t encountered setbacks, prices have fallen.

The autumn market appears to be shaping up to give this past winter a run for its money in terms of cheap gas prices, DeHaan said.

Staff Report