While gas prices are slowly climbing once again, there are a wide range of prices across the Ohio Valley. 7News spoke to a local economics professor on why there’s almost a $0.50 difference at gas stations within about 35 miles.
West Liberty University Economics Professor Serkan Catma said he finds the large gap in prices interesting, especially for such a short distance. For example, prices are in the higher range, around $3.39 a gallon in New Martinsville, while they are around $3.29 in the Wheeling area. At the Circle K in Bellaire, prices are as low as $2.85.
Catma said the difference could be due to low competition that may be happening in Wetzel County, how remote the gas station is, or just high state taxes.
“West Virginia is one of those states that is placing really high taxes on gasoline so that’s why you see a slightly higher prices in West Virginia, but if you just go across the river, you might see completely different prices,” he said.
Catma said there is some potentially good news, that he expects this area will have relatively lower gas prices next year.