CLEVELAND — The average price for a gallon of gas across Northeast Ohio dropped again this week by 12 cents. With the average price of $1.62 per gallon, there’s no better time to fill up to go nowhere.
A News 5 photographer spotted a gas station on Bellaire and West 117th Street offering gas for 99 cents a gallon.
Adjusting for modern inflation, the national average price of gas has never dipped below $1.47 a gallon, according to federal Office of Energy Efficiency and Renewable Energy. Without adjusting for inflation, the last time the national average was under $1 was over 30 years ago in 1988, when it was 90 cents.
Northeast Ohio ends the month with a whopping 54 cents cheaper than at the beginning of the month, according to AAA.
Average prices of the unleaded self-service gasoline in various areas:
$1.536 New Philadelphia
The average price for a gallon of gas during the week of March 23 was $1.80.
Prices continue to decline following the public health, financial and economic impacts from COVID-19. AAA said until the impacts of the coronavirus subside and Russia and Saudi Arabia end their crude price war, the cost of a barrel of oil will likely remain low.
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