AAA: Ohio gas prices fall 5 cents from last week

August 15, 2011 at 4:45p.m.

COLUMBUS (AP) — Ohio gas prices are down a nickel after a week that saw oil prices dip to their lowest levels this year.

Today’s survey from auto club AAA, the Oil Price Information Service and Wright Express shows regular-grade gasoline is averaging $3.56 a gallon statewide, compared to $3.61 a week ago.

Gas was still a good deal cheaper in Ohio last year at this time, when the average for regular was $2.67.

The cost of crude oil fell below $76 last week amid concerns about a slowing U.S. economy and worsening European debt crisis. Last month oil was trading around $100 a barrel.