Gasoline prices drop in northeast Ohio as price of oil falls

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Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Posted: 06/26/2012

CLEVELAND - The pain at the pump is a little less painful this week. It's thanks to the price of oil falling, bringing down gas prices across northeast Ohio -- and the country.

Shawn Stephens drives about 60 miles round-trip from home to work. "They're great. They're going down so this is a relief," he said.

Megan Vorous is using the money that she's saving at the gas station for other things. "Try to save up and pay my dad for the car insurance," she explained.

Experts said the price of a gallon of fuel has been falling about a penny a day across the country.Since prices have dropped, traffic at Gas USA in Cleveland is up.

"We see a lot of people coming in when the price is lower," said Rany Ghobryal, from Gas USA.

Experts said gas prices are lower for a number of reasons. Refinery problems are over, supply is up, and oil prices are down.

"It gets back to speculation. We know taxes and manufacturing stay the same," said Phil Bessler, associate professor at Baldwin Wallace College.

The average price for a gallon of gas in Greater Cleveland is $3.35, which is below the national average.   

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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