April 19, 2014

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Gasoline prices see first drop in 5 weeks

COLUMBUS — Gasoline prices in Ohio have fallen 6 cents since last week, the first drop in five weeks.

The average price for regular gas is $3.79 a gallon in Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. Last Monday’s average was $3.85.

Ohio drivers were paying about $3.53 this time last year, 26 cents less than the current average.

Nationwide gasoline prices have jumped to an average of $3.83 per gallon, 31 cents more than a month ago.

Signs of an improving U.S. economy has bolstered investor confidence and contributed to a rise in crude oil prices. Higher gasoline prices could crimp the economy by shrinking the amount of money people have to spend.