COLUMBUS, Ohio (AP) - Ohio gasoline is more than 40 cents a gallon cheaper, on average, than it was last Monday.

The price trackers at AAA and the Oil Price Information Service say the average cost for regular in the state has dropped to about $2.94 a gallon, down from about $3.35 a week ago.

Analysts say fuel prices have been sliding because demand has declined as an economic crisis spreads around the globe.

In Ohio, gasoline costs have fallen nearly 28 percent from the state's all-time high average of $4.05 for regular reached on July 3.

Prices for diesel also have been coming down. According to AAA, it now costs an average $3.85 a gallon in Ohio, compared to a record of $4.75 in late May.