Gas Prices Fall After Sharp Increase Last Week

Monday September 17, 2012 10:53 AM
UPDATED: Monday September 17, 2012 10:54 AM
Gas Prices down

Gasoline prices in Ohio have slipped a bit further below $4 after a sharp increase last week.
   
The average price for a gallon of regular gas is $3.85 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express.
   
The average was $3.76 a week ago, before a spike pushed prices closer to the $4 mark. At this time last year, the average was about $3.52.
   
The factors contributing to higher fuel costs lately include disruptions caused by Hurricane Isaac and problems at Midwestern refineries. AAA says other factors include high crude-oil prices and tight supplies in some places ahead of the switch from the gasoline blend used for summer to the winter blend.
   
The national average today is $3.86, up from $3.60 a year ago.

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