Ohio gas prices dip after jumping during holiday

Associated Press

COLUMBUS, Ohio (AP) — Ohio drivers are paying less at the pump after gas prices spiked during the Fourth of July holiday week.

The average price for a gallon of regular gas was $3.36 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's down 15 cents from a week ago.

A year ago, the average was $3.62.

Nationally, the average price for regular gas is about $3.40, a couple of pennies higher than last week.

There are signs that crude oil supplies face some constraints, which could push prices higher.

U.S. oil supplies swelled in June to 22-year highs. They've declined since then, as demand started to rise again in the United States. Refineries have cranked up fuel production.

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