Gasoline prices decrease in VW, Ohio

VW independent/submitted information

Gasoline prices in Van Wert are a few cents lower than last week, with the lowest price currently $2.30 per gallon at the Murphy USA station in the Towne Center shopping center.

One Stop Shop on North Washington Street is second at $2.32 a gallon, while four stations, the two Pak-A-Sak Marathon stations on North Washington and South Shannon, the Lassus Handy Dandy station North Washington, and the Shell station on South Washington all at $2.36 per gallon.

The Brookside Marathon station on West Main Street is selling gasoline at $2.38 per gallon, while the Sunoco station at the Short Stop convenience store on East Main Street has gasoline selling for $2.39 a gallon.

Average retail gasoline prices in Ohio have fallen 8.8 cents per gallon in the past week, averaging $2.37 per gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. This compares with the national average, which has fallen 3.5 cents per gallon in the last week to $2.57 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Ohio during the past week, prices Sunday were 25.1 cents per gallon higher than the same day one year ago and are 12.4 cents per gallon lower than a month ago. The national average has increased 3.7 cents per gallon during the last month and stands 29.4 cents per gallon higher than this day one year ago.
“The wait is over — 2018’s first weekly drop at gas pumps has arrived, with the national average losing ground in the last week,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “As the Dow Jones average swung violently, oil prices lost considerable ground, falling below $60 per barrel for the first time this year.

“In addition, a weekly report from the government showed a trifecta of inventory increases: crude oil, gasoline, and distillate inventories all gained, pushing wholesale gasoline prices down and paving the way for gas prices to cool off,” DeHaan added. “These factors have opened the door for perhaps a brief window of relief at the pump that may last for several weeks.

“I’d expect most places would see gas prices decline in the week ahead as a direct result,” DeHaan said. “But don’t get too giddy — there are still some gray clouds on the horizon.”