x
Breaking News
More () »

Gas prices drop nearly 24 cents in Akron, 16 cents in Cleveland: Here’s what GasBuddy is saying

'If demand remains weak, gasoline prices could fall further,' says Patrick De Haan, head of petroleum analysis at GasBuddy.
Credit: coreyfrey - stock.adobe.com
Gas station.

AKRON, Ohio — The average price for a gallon of gas has now dropped below $2.50 in Akron. GasBuddy says the city’s average is listed at $2.49 as of Monday morning after prices dropped 23.8 cents within the last week.

The city of Cleveland is slightly higher with the average at $2.58 per gallon, which comes after prices fell 16.2 cents. This latest drop puts Cleveland’s gas prices 31.6 cents lower than a month ago and 78.4 cents cheaper than a year ago.

LIST & MAP: Where to find the cheapest gas prices near you

The national average is currently listed at $3.03 per gallon after GasBuddy says prices dropped 3.8 cents in the last week. That’s down 12.2 cents from a month ago and 22 cents lower than one year ago.

"Sluggish gasoline demand has led to the national average easing again, and brings back the potential for the national average to drift under $3 per gallon for the first time since 2021," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With a record rise in gasoline inventories last week as demand was anemic during the holidays, motorists have provided the catalyst for falling prices. If demand remains weak, gasoline prices could fall further. In addition, refinery issues in California have also eased, which will soon cause prices to decline in California, Nevada and Arizona, providing momentum for a possible run at a $2.99 national average. However, the better it gets now, the more bumpy and sharp the rise could be ahead of the spring, as prices could start their rise of 35-85 cents per gallon around mid-February."

SUBSCRIBE: Get the day's top headlines sent to your inbox each weekday morning with the free 3News to GO! newsletter

Here are historical gasoline prices in Cleveland and the national average going back 10 years:

  • January 8, 2023: $3.37/g (U.S. Average: $3.25/g)
  • January 8, 2022: $3.13/g (U.S. Average: $3.30/g)
  • January 8, 2021: $2.17/g (U.S. Average: $2.32/g)
  • January 8, 2020: $2.54/g (U.S. Average: $2.61/g)
  • January 8, 2019: $1.89/g (U.S. Average: $2.23/g)
  • January 8, 2018: $2.41/g (U.S. Average: $2.49/g)
  • January 8, 2017: $2.32/g (U.S. Average: $2.37/g)
  • January 8, 2016: $1.90/g (U.S. Average: $1.98/g)
  • January 8, 2015: $2.03/g (U.S. Average: $2.17/g)
  • January 8, 2014: $3.32/g (U.S. Average: $3.30/g)

MORE FROM 3NEWS...

Want to be among the first to know the most important local and national news? The latest sports updates? We've got you covered! You can download the free WKYC app and get the latest updates sent to your phone: Android, Apple.

Before You Leave, Check This Out