Dayton area gas prices fall

Photo by Justin Sullivan/Getty Images
Caption
Photo by Justin Sullivan/Getty Images

DAYTON — Average retail gasoline prices in Dayton have fallen 10.4 cents per gallon in the past week, averaging $2.26 per gallon on Sunday, according to GasBuddy's daily survey of 391 gas outlets in Dayton.

This compares with the national average that has fallen 3.7 cents per gallon in the last week to $2.38 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Dayton during the past week, prices on Sunday were 7.6 cents per gallon lower than the same day one year ago and are 4.3 cents per gallon lower than a month ago. The national average has increased 5.1 cents per gallon during the last month and stands 15.9 cents per gallon higher than this day one year ago.

"An oversupply of gasoline as refiners ramp up production will continue to exert downward pressure on prices at the pumps,” said Dan McTeague, GasBuddy senior petroleum analyst. “The national average gasoline price of $2.35 per gallon is a mere 14 cents higher than a year ago, down from a gap of nearly 40 cents just months ago."

GasBuddy.com reports the average price for a gallon of gas in Dayton is $2.25, with prices falling. The cheapest gas on Monday morning was $2.12 at United Dairy Farmers located at 3026 Harshman Road and Brandt Pike.

In the Hamilton area, the average price for a gallon of gas is $2.31, with prices rising. The cheapest gas is $2.19 at Five Points Market located at 2511 Grand Boulevard near Tylersville Road.

In the Springfield area, the average price for a gallon of gas is $2.25, with prices falling. The cheapest gas is $2.25 located at Marathon on Springfield-Xenia Road near Sparrow Road.

"The expected bump in fuel demand doesn't seem to be coming, leaving refineries with a lot of inventory that has yet to find a market,” McTeague said. “Gas prices appear poised to drop yet again this week."