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Ohio average gas prices now 11th lowest in the nation

Gasoline prices continue to drift lower despite the heavy holiday weekend demand.

The AAA on Sunday estimated the average price of gasoline in Ohio at a fraction under $2.19 a gallon, making the state the 11th lowest in the nation.

Low-price leader was South Carolina with an average price of $1.97.  The other 10 lower-priced states were all in the south, with the exception of New Jersey at $2.14.

The auto club put the national average price at $2.40 a gallon.

Last Thursday, at the start of the long holiday weekend, Ohio ranked 13thlowest with an average price of $2.24 a gallon.

The AAA bases its daily average prices on day-before credit card receipts, counting purchases made late into the night. 

  GasBuddy, a price watchdog which relies more on motorists to report prices, put the average Ohio price at just over $2.17 a gallon on Sunday, the average Cleveland price at $2.15 a gallon and and the national average price at $2.39 a gallon. 

The price of oil was falling Sunday in after-hours computerized trading on the New York Mercantile Exchange By early afternoon, the price was $44.26 a barrel for oil delivered in October.   A week ago, on Aug. 31, oil closed at $49.20 a barrel.

Analysts have predicted $2 gasoline will be common after mid-September when much of the nation switches to easier-to-make winter blends.

The U.S. Energy Information Administration a month ago predicted the national average price would fall to $2.11 during the last three months of the year. The EIA will update its projections this week.

Gasoline price predictions assume global oil prices will not spike. 

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