Gas prices climbing toward highs hit $3.74 in Ohio

AP News
Posted: Mar 05, 2012 10:47 AM
Gas prices climbing toward highs hit $3.74 in Ohio

Ohio gasoline prices continue their climb toward the $4 mark.

The average price for regular gas is $3.74 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's up 8 cents from a week ago, when the average was $3.66.

At this time last year, drivers were paying about $3.47 as prices were soaring toward record highs. Some analysts expect new records will be set this year as prices continue to increase.

The dispute over Iran's nuclear program has kept crude oil prices high recently amid fears that it could lead to a supply interruption. Signs of gradual improvement in the U.S. economy lately also have contributed to higher prices.