Gas Prices in Dayton Area Spike 11 Cents Due to Refinery Fire
MIAMI VALLEY — Gas prices in the Dayton area have experienced a sudden spike, increasing by 11 cents within the last 24 hours. According to Patrick De Haan from gasbuddy.com, one of the largest refineries in the United States had to partially shut down after a shortage tank caught fire, leading to this price surge.
The refinery fire in Louisiana caused the wholesale price of gas to jump by 15 cents per gallon. Combined with gas stations that had been lowering prices, this sudden increase put them in a situation where they were selling at cost, causing an overall rise in prices at the pump.
De Haan explained that gas prices in Ohio generally follow a cycle known as “price cycling,” where stations lower their prices until they are selling at a cost. At this point, prices shoot back up again. However, he also mentioned that the upcoming Labor Day holiday might lead to a decrease in prices by a couple of cents per day.
To combat rising gas prices, De Haan advised consumers to shop around and utilize apps like Gas Buddy or search online for the best prices. Additionally, he suggested adopting fuel-saving habits such as using cruise control, keeping windows rolled up when the air conditioning is on, and removing unnecessary weight from vehicles.
De Haan emphasized the importance of loyalty programs offered by gas stations, as they often provide discounts of five to ten cents per gallon. Some credit cards also offer rebates, providing further opportunities for savings. Shopping around for the best deals remains one of the easiest ways to save money on fuel expenses.
As gas prices continue to fluctuate, it is crucial for consumers to stay informed and make informed decisions when filling up their vehicles.
Source: [News Center 7, Taylor Robertson, GasBuddy.com]