Valley gas prices could fall sharply

YOUNGSTOWN, Ohio (WYTV) – A BP refinery in northwest Indiana has opened up, meaning that falling gas prices could be coming to the Valley, according to a release from fuel-monitoring company GasBuddy.

GasBuddy is anticipating a steep decline in the price of gasoline throughout the Midwest, so long as operations at the BP refinery and others in the region continue with no new problems.

Gasoline prices in Illinois, Michigan, Ohio, Indiana, Wisconsin and neighboring states affected by the refinery could fall 20 to 50 cents per gallon over the next two weeks, according to GasBuddy.

Prices may fall somewhat, but not as far as they otherwise would, since gas stations may try to recoup losses from when gas prices shot up after the refinery in Indiana temporarily closed.

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