Gas prices in Columbus have risen by 13.8 cents per gallon over the past week, reaching an average of $2.71 as of Monday. In contrast, the national average for gasoline has decreased to $2.90, according to a recent survey conducted by GasBuddy, which analyzed prices from 500 stations in the area.
Despite this increase, gasoline prices in Columbus are significantly lower compared to recent months. They stand at 37.7 cents per gallon lower than a month ago and are down by 19.8 cents per gallon compared to the same time last year. The cheapest gas station in Columbus was reported to have prices as low as $2.32 Sunday, while the highest price reached $3.17, reflecting a notable difference of 85.0 cents per gallon.
National Trends in Fuel Pricing
The national average price of diesel has also seen a decrease, dropping by 5.1 cents over the past week to stand at $3.671 per gallon. Across the United States, the average price of gasoline has fallen by 5.0 cents per gallon in the last week alone, bringing the average down to $2.90 on Monday. This recent decline represents a drop of 17.6 cents per gallon compared to a month ago and is 7.3 cents lower than prices from a year prior.
According to GasBuddy’s analysis, the lowest price for gasoline in Ohio Sunday was located at $2.19, while the highest recorded price reached $3.91. The substantial difference of $1.72 emphasizes the variations in fuel pricing across different locations within the state.
Market Insights and Future Projections
Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the current trends, stating, “Gas prices continued to decline in most states last week, while some price cycling states saw temporary spikes to restore margins.” He noted that with the national average falling further, prices are now at multi-year lows as the holiday season approaches.
Looking ahead, De Haan suggested that barring any significant disruptions in the market, gasoline prices are likely to remain relatively low as the new year begins. In some regions, averages have dipped into the low-$2 range, with a handful of stations still offering prices below $2 per gallon.
This rise in prices in Columbus, juxtaposed with the national downward trend, highlights the ongoing fluctuations within fuel markets and the varying impacts on local economies. As consumers prepare for the winter months, the potential for continued price volatility remains a key consideration for both drivers and industry analysts alike.