Published Mon, Oct 3, 2011 8:40 am
The price of gas in Ohio continues to drop toward the $3 mark.
Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express reported the average cost of a gallon of regular-grade gasoline was $3.20 in Ohio. That's down 12 cents from the average of $3.32 per gallon a week ago. It's almost a dollar lower than the record high of $4.16 that drivers paid in May.
Nationwide, the average cost of regular gas is $3.42 a gallon.
Oil prices have tumbled amid concerns over the possibility of another global recession. Some analysts believe those prices may drop further because of U.S. data that show residents are making less money and therefore may cut back on spending for fuel and other items.