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Gas prices up 18 percent in past month

Gas prices are up double-digit percentages in Dayton and the rest of Ohio in the past month, as consumers across the country are increasingly facing the likely challenge of having to pay record price at the pump, according to a AAA report.

Gas prices are up double-digit percentages in Dayton and throughout the rest of Ohio during the past month as consumers increasingly are approaching record high fuel prices, according to the AAA.

Gas prices in Dayton top the $3.80 per gallon mark at some fuel stations, and the AAA Fuel Gauge report shows the average price per gallon of regular unleaded gas is $3.77 locally. The Dayton average gas price is up 18 percent from $3.18 per gallon one month ago.

In Ohio, gas prices average $3.79 per gallon, up from $3.26 one month ago.

Both the Dayton and statewide average prices are below the national average, which is $3.83 per gallon this weekend, according to AAA. The national average price one month ago was $3.52 per gallon.

The record high prices for one gallon of regular unleaded gasoline is $4.11 nationwide on July 17, 2008; $4.15 in Ohio on May 4, 2011; and $4.17 per gallon in Dayton on May 4, 2011, according to AAA.

Economists say big spikes in gas prices can damage the nation’s economy, and some speculate that prices will pass the $5 mark this summer. Currently, there are at least seven states with average gas prices at more than $4 per gallon.

Trucking firms are especially sensitive to the spikes in fuel prices, and the Dayton region has a booming trucking hub because of its location near the intersection of Interstates 75 and 70. This causes many local companies to pay close attention to the prices at the pump and new record high fuel prices could slow job growth in the Dayton region. …
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