Ohio Gas Prices: Everything You Need To Know
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Ohio historically is a bit lower than the national average for all types of fuel, and your vehicle and geographic location can have a pretty big impact on the amount you’re paying. Having a fuel-efficient car and smarter driving habits will certainly help when it comes to keeping costs low. Ohio gas prices are known to fluctuate, so it’s always good to keep that in mind.
According to the U.S. Energy Information Administration, the 15 year average for fuel prices across the state of Ohio shows how much it has fluctuated, with the peak in the early 2010s.
- 2008 - $3.16
- 2009 - $2.31
- 2010 - $2.72
- 2011 - $3.45
- 2012 - $3.56
- 2013 - $3.45
- 2014 - $3.32
- 2015 - $2.32
- 2016 - $2.07
- 2017 - $2.26
- 2018 - $2.53
- 2019 - $2.48
- 2020 - $2.02
- 2021 - $2.87
- 2022 - $3.05 (for the month of January only)
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Ohio gas prices: average cost of mid-grade fuel in the last 6 years
- 2016 $2.32
- 2017 $2.53
- 2018 $2.81
- 2019 $2.79
- 2020 $2.33
- 2021 $3.19
Ohio gas prices: average cost of premium fuel in the last 6 years
- 2016 $2.59
- 2017 $2.83
- 2018 $3.12
- 2019 $3.18
- 2020 $2.72
- 2021 $3.58
Ohio Gas Prices by metro area as of the first week of February 2022, according to AAA
Akron
- Regular $3.26
- Mid $3.60
- Premium $3.93
- Diesel $3.78
Belmont County
- Regular $3.28
- Mid $3.28
- Premium $3.88
- Diesel $3.84
Canton
- Regular $3.28
- Mid $3.61
- Premium $3.95
- Diese $3.87
Cincinnati
- Regular $3.27
- Mid $3.58
- Premium $3.91
- Diesel $3.76
Cleveland-Lorain-Elyria
- Regular $3.27
- Mid $3.59
- Premium $3.91
- Diesel $3.76
Columbus
- Regular $3.25
- Mid $3.55
- Premium $3.88
- Diesel $3.79
Dayton
- Regular $3.26
- Mid $3.59
- Premium $3.92
- Diesel $3.80
Lawerence County
- Regular $3.33
- Mid $3.62
- Premium $3.87
- Diesel $3.80
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Lima
- Regular $3.26
- Mid $3.57
- Premium $3.89
- Diesel $3.86
Mansfield
- Regular $3.27
- Mid $3.59
- Premium $3.91
- Diesel $3.78
Springfield
- Regular $3.26
- Mid $3.59
- Premium $3.90
- Diesel $3.80
Steubenville-Weirton
- Regular $3.25
- Mid $3.53
- Premium $3.84
- Diesel $3.85
Toledo
- Regular $3.26
- Mid $3.55
- Premium $3.88
- Diesel $3.77
Youngstown-Warren
- Regular $3.24
- Mid $3.57
- Premium $3.89
- Diesel $3.78
(Source)
There are various grades that will impact your individual price. Depending on your vehicle, availability, and your own preference, these may all vary. The common grades found at most gas stations are regular, mid-grade, and premium. The barrier to these levels is measured by its octane level. Pre-ignition and detonation, generally known as engine knocking, are less likely with higher octane gasoline. Higher octane fuel is more expensive in the refinery, and premium-grade gasoline is the most expensive. There are also some factors that change the price of gasoline, regardless of state.
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There are four key components to the retail price of gasoline:
- Price of crude oil - fluctuates frequently
- Costs and profits of refining
- Costs and revenues of distribution and marketing
- Taxes on both the state and federal level
Costs and revenues of
- Marketing and sales 10%
- Refining costs and company revenue and profits 25%
- State and federal taxes 22%
- Crude oil costs 43%
The earnings (and occasionally losses) of refiners, marketers, distributors and retail station owners are reflected in retail pump pricing. Crude oil is the most expensive component of gasoline at the pump and its price as a percentage of the retail price changes over time and throughout parts of the nation.
Many factors impact crude oil prices, and refineries own and run certain retail outlets, while others are independent enterprises that buy gasoline from refiners and marketers and resell it to the general public. The price at the pump is also influenced by local market circumstances and factors such as the location of the filling station and the owner’s marketing plan.
Individual sellers’ costs of conducting business might vary dramatically depending on where a gas station is located. Wages and salaries, benefits, equipment, lease or rent payments, insurance, overhead, and state and municipal levies are all included in these expenditures. Even retail stations that are next to each other might have different traffic patterns, rent, and supply sources, all of which influence their costs. Prices are also affected by the quantity and location of local rivals. Increases in US oil output over the last few years have helped to keep oil and gasoline prices from rising too high.
The retail price of gasoline is further influenced by federal, state, and municipal government taxes. The federal tax on motor gasoline is 18.40 cents per gallon, which comprises an excise tax of 18.30 cents per gallon and a 0.1-cent-per-gallon fine for leaking underground storage tanks. Total state taxes and levies on gasoline averaged 30.06 cents per gallon as of January 1, 2021.
Ohio Gas Prices: Cheap Gas Stations Across The State
- Sunoco (S&G)
- Sheetz
- GetGo
- Speedway
- BP
(Source)
To help repair Ohio’s roads and bridges, lawmakers reached an agreement in 2019 to raise the gas tax by 10.5 cents per gallon and the diesel fuel tax by 19 cents per gallon. Ohioans currently pay a state gas tax of 38.5 cents per gallon and a diesel fuel tax of 47 cents per gallon. Pennsylvania has the highest fuel tax rate, at 58 cents per gallon, followed by California, at 53 cents per gallon. Alaska has the lowest fuel tax rate at 8.9 cents per gallon, followed by Hawaii at 16 cents per gallon.
Lawmakers argued that a higher tax is required to pay and maintain the transportation infrastructure, especially public transportation. On a national level, highway and bridge-building receive around 60% of federal gas taxes and the remaining 40% goes to specified initiatives, with a small portion going to public transit projects.
On top of the tax, there are additional things that go into the retail price of gasoline. These commonly include physical distribution, marketing, and retail expenses and earnings. The majority of gasoline is transported by pipeline from refineries to terminals near consumers, where it is mixed with other goods, such as fuel ethanol, to fulfill local regulatory and market requirements. There are often associated costs for gasoline that is delivered to individual gas stations by tanker trucks.
Overall, Ohio gas prices are on the more affordable side compared to most of the country, but since there are many metropolitan areas, drivers may not immediately see the savings without a bit of a drive.
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