Ohio Gas Prices Surge to New Heights Above $4 a Gallon

Gas prices in Ohio continue to rise as the summer draws to a close. According to Patrick De Haan, head of petroleum analysis at GasBuddy, average gasoline prices climbed back above $4 per gallon last week, with prices rising in slightly more states than they fell.

The main drivers of this increase are the continued closure of the Strait of Hormuz and ongoing Ukrainian attacks on Russian oil refineries. This has put upward pressure on the market, making it difficult for gas prices to drop anytime soon.

Ohio is one of the states that saw a significant increase in gas prices, with an average price of $4.18 per gallon. This is more than a dime higher than the national average of $4.07 and represents a 32.8 cent increase over the past week.

The American Automobile Association also weighed in on the situation, saying that while drivers may see some relief at the pump as earlier declines in crude oil prices filter through the market, ongoing uncertainty surrounding global oil supplies could shift the trend and put upward pressure on gas prices in the coming weeks.