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Morrow County News


Gas Prices Hold Steady, Future Uncertain

03-31-2008
Gasoline prices have steadied around Ohio, amid uncertainty about where oil prices are going.

A survey from AAA and the Oil Price Information Service shows the statewide average for regular-grade gas is now about $3.21, only a penny higher than last Monday.

A year ago, the Ohio average for regular was $2.63.

Gas remains above $3 a gallon as oil prices stay above $100 a barrel. But analysts are split on oil's direction.

Many think prices will rise to new records in coming months as the dollar resumes its decline. However, others say a cooling U.S. economy will dampen demand for fuel and pull prices lower.

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