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JANUARY GASOLINE PRICES CONTINUE TO DROP

 /ADVANCE/ CLEVELAND, Jan. 6 /PRNewswire/ -- The price of self-serve regular unleaded gasoline within Cuyahoga County in January continued to drop, falling 2.5 cents per gallon, according to a monthly survey of 56 area service stations by County Auditor Tim McCormack today reported.
 McCormack's gas study revealed the average price of regular unleaded self-serve gasoline in the county costs $1.07 per gallon, down from $1.095, when the last survey was released on Dec. 22.
 Since November's survey, the price of gasoline has fallen 10.9 cents per gallon, the Auditor's Office reports. That month, the average price of regular unleaded fuel was $1.179 per gallon.
 "In the past two months, we have seen the price of gasoline fall precipitously," McCormack said. "This decline is largest since we began our gas studies in July 1990."
 McCormack said oil industry analysts have told him they believe the price of gasoline could drop even more.
 According to the analysts, there is an overabundance of gasoline at the refineries. They also predicted unless something major happens in the marketplace, motorists should be able to enjoy lower prices until spring.
 The January survey also reflected different prices, depending on what side of the county a motorist resides.
 Gasoline in the western suburbs averaged $1.039 per gallon, while the eastern suburban average was $1.097 per gallon. Within the city of Cleveland, the west side average was $1.042 and $1.116 on the east side of the city.
 Gastown continues to offer the lowest price per gallon at $1.005. While the price fell at most service stations, gasoline at Union 76 stations went up .8 cents per gallon.
 Two Parma stations, an AMOCO and Gastown, were selling the lowest priced gas at 97.9 cents per gallon.
 By law, McCormack's office is required to inspect gasoline pumps in Cuyahoga County to ensure their accuracy.
 Other prices on a company-by-company basis:
 December 22 January 5 increase/decrease
 Gastown $1.057 $1.005 (5.2 cents)
 Sunoco $1.103 $1.064 (3.9 cents)
 AMOCO $1.079 $1.065 (1.4 cents)
 Union 76 $1.057 $1.065 0.8 cents
 Marathon $1.103 $1.093 (1.0 cents)
 BP $1.127 $1.102 (2.5 cents)
 Shell $1.134 $1.103 (3.1 cents)
 -0- 1/6/93/0001
 /CONTACT: Tim McCormack, Cuyahoga County Auditor, 216-443-7010/


CO: Cuyahoga County Auditor ST: Ohio IN: SU:

BM -- CL080 -- 1892 01/05/93 16:26 EST
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Date:Jan 5, 1993
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