Gas prices in the Dayton region increased late in the week of July 12 and was near $4 per gallon at BP in Beavercreek on Thursday, July 23. The average in Ohio according to GasBuddy is $3.937.
Average gasoline prices are up this week, and not just because of the ongoing fighting with Iran, according to oil analysts.
GasBuddy head of petroleum analysis Patrick De Haan said in a blog post Monday, July 20 that gasoline and diesel prices have risen in ever state for two weeks, in large part due to the ongoing U.S.-Iran fighting but also because of the destruction of Russian oil refineries by Ukrainian forces.
De Haan said that in addition to supply challenges from the conflict with Iran, losing more oil refining globally also helps push up gasoline and diesel prices.
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He said that price-cycling markets, which includes Ohio, were likely to see a jolt higher during the week, and “motorists should brace for a rougher stretch ahead.”
GasBuddy also consulted UBS commodities analyst Giovanni Staunovo, who added that there is further risk going forward as Houthis have threatened to blockade Saudi Arabian exports that were rerouted through the Bab el Mandeb Strait to avoid the blockaded Hormuz Strait.
The Bab el Mandeb Strait is on the southern side of the peninsula where Saudi Arabia is, where the Red Sea meets the Arabian Sean and Indian Ocean with Yemen on the northern side and Djibouti on the southern.
On Monday, GasBuddy said the most common U.S. gas price was $3.99 per gallon, and gas prices in southwest Ohio hung a little below that on Thursday, July 23, with prices per gallon averaging $3.91 around Dayton, $3.80 around Springfield and $3.88 around Cincinnati, according to GasBuddy’s statistics.
Prices are down from two months ago when they climbed to around $4.50, but still far above where they stood a year ago when they were closer to $3.00 in July 2025, GasBuddy statistics showed.