Gas prices rise in Cincinnati area; still below national average - Cincinnati News, FOX19-WXIX TV

Gas prices rise in Cincinnati area; still below national average

CINCINNATI, OH (FOX19) -

Average price of retail gasoline in Cincinnati rose 8.4 cents per gallon in the past week, averaging to $3.25 per gallon, according to gasoline price website CincyGasPrices.com.  

Gas prices on October 9 were 38.5 cents per gallon higher than the same day one year ago, and are 40.8 cents per gallon lower than a month ago.

"After oil prices briefly dropped to $75 billion in the last two weeks, we've seen a mini-rally take place, driving prices up to a more recent mark of $82 billion," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "The volatility we continue to see in oil prices isn't surprising, and will likely continue as a fragile economy and some upbeat investors play the market. What this means for motorists is a continued roller coaster ride at the gas pump. While I don't expect a huge movement in either direction, these up and down fluctuations in gas prices will become the norm ahead of a volatile Spring 2012 time period," said DeHaan.

The national average fell 2.1 cents per gallon but still is averaging 17 cents more than Cincinnati prices at $3.42 a gallon. The national gas average stands 61.8 cents per gallon higher than this day one year ago.

According to GasBuddy.com, Ohio's neighboring states have seen slightly higher prices at the pump. Kentucky's state average is $3.29 per gallon and Indiana's is $3.32 per gallon, compared to Cincinnati and the state of Ohio's average of $3.25 per gallon.

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