Local News

Fort Wayne weekly gas price update

FORT WAYNE, Ind. (WOWO). Gas prices in Fort Wayne are down.

In a change of pace from the past several weeks, retail gas prices in Fort Wayne fell almost 22 cents in the past week to an average of $2.42 per gallon, according to GasBuddy’s daily survey of 201 gas outlets in town. Including that change, prices in town yesterday were almost 40 cents lower than the same day a year ago.

Nationwide, the average price for a gallon of gas fell 4.5 cents in the past week to $2.34 per gallon, falling for the first time since February.

“The price of crude oil, which had been gaining steam leading up to June, has now experienced a sustained downturn over the last couple of weeks,” said Will Speer, GasBuddy senior petroleum analyst. “As crude oil prices have cooled off, the impact is finally being felt in the retail gasoline sector, where the national average for gasoline fell over 5 cents per gallon in one week’s time.  No area has seen this impact more pronounced than the Great Lakes states, where Indiana and Ohio saw their gas prices fall over 15 cents per gallon in one week.”

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