REGION

REGION
Ohio gives tax creditto Wendelin Steel Co.
YOUNGSTOWN -- Wendelin House Inc., which is moving its Wendelin Steel Co. subsidiary to Youngstown from Ambridge, Pa., has received a 55 percent state tax credit for eight years. The Ohio Tax Credit Authority, which approved the credit Monday, said it would be worth $196,000. The company is required to maintain operations at the former Allegheny Steel Distributors building on Andrews Avenue for 16 years.
The company, which distributes galvanized steel products, said it will bring 20 jobs into the city and create 30 more within three years.
NATION
Gasoline prices reachaverage $2.03 per gallon
WASHINGTON -- The retail price of gasoline inched higher last week to average $2.03 per gallon nationwide, the Energy Department reported Monday.
The government survey said the average price nationwide of regular-grade unleaded gasoline rose 0.2 cent last week. Prices are 49.9 cents higher than a year ago.
Average nationwide prices peaked at $2.06 a gallon during the week ending May 22.
Pump prices are highest on the West Coast, averaging $2.273 per gallon, and cheapest on the Gulf Coast, averaging $1.918 per gallon. In the Midwest, gas averages $1.984 per gallon.
One of the key factors behind the high price of gasoline is the soaring cost of oil -- the result of strong demand, limited supplies and, most recently, output disruptions in the Gulf of Mexico after Hurricane Ivan.
From Vindicator staff and wire reports