OHIO — The average price of a gallon of regular gas has increased 43 cents in the last week to $3.76 on Saturday, according to AAA data.
What You Need To Know
- While gas prices are up worldwide, Ohio has seen a particularly high increase, according to AAA
- Ohio’s gas prices still remain below the U.S. average
- The Biden administration has placed some of the blame on tensions with Ukraine for soaring gas prices
- Experts believe gas prices could continue to rise as the U.S. weighs a ban on Russian oil imports
While gas is certainly more expensive in Ohio, it is still below the national average, according to AAA. The average gallon of regular gas in the U.S. is $3.92. But Ohio is catching up to the national average as AAA reported a nationwide increase of 33 cents over the last week.
On Thursday, AAA said that Ohio had the fourth highest weekly increase of gas prices.
Here is how Ohio’s gas prices compare to neighboring states as of Saturday, according to AAA:
Similarly, gas prices across Ohio are up in all regions:
Gas prices could continue to rise as the U.S. weighs a ban on purchasing Russian oil, experts warn.
“The market will likely continue to increase the price of oil as more sanctions are imposed on Russia,” AAA said. “A potential ban of crude imports from Russia to the U.S. or other countries will likely cause prices to continue to rise to reflect more risk of disruption to tight global oil supplies.”
On Friday, the White House placed blame on the conflict in Ukraine for the rising gas prices, despite adding that the U.S. does not purchase a lot of Russian oil.
“The reason why we are seeing volatility in the global oil markets, the reason why the price of gas is going up is not because of steps the President has taken; they are because President (Vladimir) Putin is invading Ukraine, and that is creating a great deal of instability in the global marketplace,” White House press secretary Jen Psaki said.