AAA: Ohio gas prices down 8 cents from last week

COLUMBUS (AP) — Gas prices are down 8 cents this week around Ohio, and analysts look for further price drops after Labor Day.

The latest survey from auto club AAA, the Oil Price Information Service and Wright Express puts the state’s average price for regular-grade gasoline at $2.57 per gallon, down from $2.65 last Monday. The current Ohio price is 14 cents below the national average of $2.71.

Oil Price Information Service chief analyst Tom Kloza says over the next month, motorists could see prices fall 10 cents to 15 cents a gallon. But he says it won’t happen if investors grow more confident in the global economy, resulting in a sudden increase in oil prices.

Oil prices have dropped about $7 per barrel over the past two weeks.