Valley gas prices droop 10 cents

YOUNGSTOWN

The price of gas in the Mahoning Valley dropped 10 cents during the past week.

The price for a gallon of regular-grade gas costs $3.33, according to AAA’s Fuel Gauge Report.

That’s down from $3.43 last week, but still higher than the state average.

Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express reported the average cost of gas was $3.20 in Ohio. That’s down 12 cents from the average of $3.32 per gallon a week ago. It’s almost a dollar lower than the record high of $4.16 that drivers paid in May.

Nationwide, the average cost of regular gas is $3.42 a gallon.

Some analysts believe prices may drop further because of U.S. data that show residents are making less money and therefore may cut back on spending for fuel and other items.