Gas prices are still rising in Greater Cincinnati and they could keep climbing.
This week, Cincinnati drivers are seeing an average increase of 17 cents at the pump on the week and 23 cents on the month, according to AAA. Ohioans in general saw an increase of about 10 cents.
AAA officials said crude oil has increased to its highest price since October 2018.
“Motorists are paying, on average, 37% more to fill up than the start of the year,” said Jenifer Moore, AAA spokesperson. “Prices for the rest of the month are likely to push more expensive, but if crude production increases, as forecasted, there is the possibility of seeing some relief at the pump later this summer.”
Market analysts said the Organization of the Petroleum Exporting Countries has said it will have a production increase next month.
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"This move could help put downward pressure on crude prices and, in turn, push gas prices less expensive. However, motorists likely would not see any impact at the pump until mid- to late July," AAA officials said.
As of Monday, Cincinnati gas prices averaged around $3.12. GasBuddy said gas prices in Cincinnati are $1.17 a gallon higher than a year ago.
"Strong gasoline demand as states and cities reopen will likely continue to be a major factor keeping gas prices elevated even as oil production climbs in the months ahead. With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future," said Patrick De Haan, head of petroleum analysis for GasBuddy.
"Motorists can continue to fight the high gas prices by remembering to shop around each time they get below half a tank."
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