Gasoline prices expected to increase by 40 cents this week in Ohio

CLEVELAND - A gas price monitoring website says fuel prices are expected to go up Wednesday, causing as much as a 40-cent increase this week.

According to gasbuddy.com , the price for a gallon of regular self-serve gasoline is expected to increase to between $3.49 and $3.59 in Ohio, Michigan, Indiana and Kentucky on Wednesday.

"The rise in gasoline prices is due to increasing crude oil prices as Middle East violence continues to make oil exports risky. We've seen wholesale gasoline prices continue to rise at the fastest pace since Hurricane Katrina," said GasBuddy Senior Petroleum Analyst, Patrick DeHaan.

DeHaan said he expects prices to rise to an average of between $3.65 and $4.05 per gallon by the Memorial Day weekend, depending on the situation in the Middle East.

Check out the cheapest gas prices in Northeast Ohio via our gas prices page: http://bit.ly/edE1GS

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