AAA: Ohio gas prices rise again

AP News
Posted: Jan 09, 2012 10:22 AM
AAA: Ohio gas prices rise again

Ohio gas prices are about 28 cents higher than a year ago as 2012 gets under way.

Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express put the statewide average price for regular gasoline at $3.40 per gallon, up 2 cents from last week. Last year at this time regular was averaging about $3.12 at pumps around Ohio.

Global tensions have been putting pressure on fuel prices. Crude oil traded above $100 a barrel last week amid growing trader concern that friction between Iran and Western powers could disrupt Middle East oil supplies. However, some analysts expect that a slowing global economy led by a likely recession in Europe will help pull down oil prices.