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Cheaper gas helps consumers, hurts industry workforce in Valley

Tuesday, July 14, 2015

YOUNGSTOWN — Pat Butto of Boardman expects to pay more for her gas since she has to fill up her Buick Enclave, a sport utility vehicle.

This time last year, Butto would have spent $20 to $30 more to fill up.

Today, she stopped at Gateway Gas Mart on Market Street in Youngstown to fill her tank for just under $50 at $2.54 per gallon.

“It’s extra money for me to spend,” she said. “I am not willing to give up this car. I love it for what I do, and I need the size.”

In the Youngstown-Warren region, the average price for a gallon of regular gas is down about 85 cents from last year with today’s average of $2.65, according to AAA.

Ohio’s average price today was $2.75 compared with $3.47 a year ago.

The national average was $2.77 today compared with $3.61 a year ago.

Savings at the pump means more money in consumers’ pockets to spend, save or use to pay off debt.

That’s the bright side of the drop of about 50 percent in oil prices from last year.

Today, oil was at $52.20 a barrel – down $48.63 from last year, according to U.S. Energy Information Administration.

That price could continue to drop if the U.S. and other world powers’ nuclear deal with Iran gets past Congress’s review.

For the complete story, read Wednesday's Vindicator and Vindy.com