The Economy & Business
7:30 am
Thu August 22, 2013

Dayton Gas Prices Among Most Volatile In The Country

Dayton ranks third in the U.S. for fluctuations in gas prices, following behind Fort Wayne, IN and Indianapolis, IN. A report by GasBuddy finds that the Midwest in general sees more of these steep price hikes. Dayton recorded a single day average price hike of $0.31.

But it’s not all bad news, according to Greg Laskoski, a petroleum analyst with GasBuddy.  For 171 days, the price of gas in Dayton actually decreased by a penny or more per gallon

Credit Flickr Creative Commons User jcarlosn

"It’s a severe roller coaster ride. We have higher highs and lower lows. It averages out to approximately to what we see nationwide," says Laskoski.

Laskoski says there a lot of theories as to why the Midwest sees these extraordinary price swings, but it’s likely that retail chains in the region play a part.

"The dominant chains will spike up the prices dramatically, but then as the prices come down we see a more consistent level of price decreases and a greater number of days where prices are declining more than a penny per gallon,:" says Laskoski.

The average price of gas in Dayton right now is about $0.14 below the national average.

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