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Gas price flat in Warren area

By Josh Cotton 1 min read

Gas prices fell two cents this week after a spike over the last couple weeks.

The average price in the region now sits at $3.63, according to the AAA East Central Gas Price Report.

The price in Warren held steady at $3.69, tied for the highest in the region.

The nation-wide average fell a penny to $3.26.

"News that the large BP-Whiting refinery in Indiana, offline since early February due to power issues, is reopening soon may have contributed to easing prices at the pump," the report detailed. "The refinery processes nearly 440,000 barrels of crude daily, and the shutdown caused gasoline prices throughout the Midwest to rise."

Demand held mostly flat this week.

"Flat demand, amid falling supply, has helped to stabilize the national average this week," the report states.

That doesn't mean that there aren't broader economic concerns that threaten certain prices.

"Oil prices rose with a softer dollar and continuing attacks in the Red Sea, causing the market to remain concerned that shipping routes will be hindered as hostilities linger," the report states.

Starting at /week.