The Van Wert County Courthouse

Friday, May. 29, 2020

VW gasoline hovers above $2 a gallon

VW independent/submitted information

All of Van Wert’s gasoline service stations are currently above $2 a gallon, which also puts them above the statewide average of $1.99 per gallon.

The lowest price in Van Wert is at Murphy’s USA at $2.03 a gallon, with several stations a penny higher tat $2.04 per gallon. Those stations include the Casey’s General Store and Shell stations on South Washington Street, the Lassus Handy Dandy station in the 800 block of North Washington, and the Sunoco station in the 200 block of North Washington.

Stations at $2.05 a gallon include both Pak-A-Sak Marathon stations on North Washington and South Shannon, while the Brookside Marathon station on West Main Street is selling gasoline at $2.06 a gallon. The highest station is the Short Stop Sunoco station, which has gasoline at $2.19 a gallon.

Ohio gas prices have fallen 20.5 cents per gallon in the past week, averaging $1.99 per gallon on Monday, according to GasBuddy’s daily survey of 5,345 stations. Gas prices in Ohio are 38.9 cents per gallon lower than a month ago and stand 39.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Ohio is priced at $1.54 per gallon on Monday, while the most expensive is $2.69 per gallon, a difference of $1.15 per gallon. The cheapest price in the entire country today stands at 57 cents per gallon, while the most expensive is $4.99 per gallon, a difference of $4.42 a gallon. 
The national average price of gasoline has fallen 14.3 cents per gallon in the last week, averaging $2.22 per gallon on Monday. The national average is down 21.2 cents per gallon from a month ago and stands 32.9 cents per gallon lower than a year ago.
“It’s coming true — gas prices are plummeting in every town, city, and state, with the national average seeing one of its biggest weekly declines in the last decade,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The number of stations selling gasoline under $2 a gallon has risen to nearly 40,000, up from 15,000 a week ago, while retail prices have collapsed to as low as $1.24 per gallon in Oklahoma City last week, with more price drops coming for nearly every station in the week ahead as they continue to pass along the lower replacement cost. 

“The root cause continues to be coronavirus related, since demand for oil slumped globally, inducing the current price war between Russia and Saudi Arabia as they both raise output, causing oil prices to crash through the floor,” DeHaan added. “Such a large decline at this time of year is mind-blowing, as gas prices have risen in all but one year in the last ten during the spring. All good things may not last forever, however, as rumors swirl that Russia and Saudi Arabia are holding high level talks to reign in the collapse in oil prices, which could eventually end the party at the pump.”

POSTED: 03/16/20 at 6:48 am. FILED UNDER: News