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Warren gas price here highest in region

Gas prices in Warren remain the region’s highest in spite of a slight decrease across the region.

The price here held steady at $3.999 this week which, along with Mercer, is the highest in the region.

According to AAA East Central’s Gas Price Report, the average in the region fell a cent to $3.893.

Over that same period, though, the national average rose three cents to $3.85.

“This latest price increase comes after an uptick in gas demand and crude oil prices staying above $80 per barrel,” the report details. “Higher demand, amid tighter supply, has helped to keep pump prices elevated.”

Oil prices pushed nearly $85 and the report states that would be the highest since mid-April.

“Prices have increased amid market optimism that oil demand will be more robust than expected during this half of 2023 and into 2024,” the report states.

Oil prices saw a slight dip last week in the wake of a drop in the U.S. credit rating, “increasing market fears that oil demand could decline if the economy eases

“Last month’s extreme heat also played a role in the recent gas price spike as some refineries pulled back on production, but operations are now returning to normal.”

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