9 cent drop in gas prices is biggest in 2014

DAYTON, Ohio (WDTN) – Gas prices in the Miami Valley have fallen below the national average.

The Lundberg Survey says prices dropped nine cents a gallon over the two week period that ended July 25. That’s the largest drop this year.

Monday morning, the national average was $3.51 a gallon according to Gas Buddy. In the Dayton area, the average is $3.36.

2 NEWS found it for $3.34 at two stations in the area of Stewart and Brown Streets.

Experts say we’re seeing the drop despite a rise in crude-oil prices. Their explanation is that U.S. refineries are well off in their supplies, and therefore more aggressively cutting wholesale prices to chase sales.

To look at it from a long-term perspective, prices are down 37 cents a gallon from last month here in Dayton. They’re about the same as they were this time last year.

You can always find the lowest prices in your area by clicking here.

 

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