A gas price of $1.94 a gallon for regular gas is shown at a gas station in Cleveland on Wednesday. The average cost of gas in Ohio has dipped below $2 a gallon for the first time in more than five years. Associated Press LONDON—Oil prices began the New Year on a volatile note on Friday as Brent whipsawed between gains and losses after closing 2014 at more-than five-year lows. The price of Brent, the global benchmark, nearly halved in 2014, the steepest fall since the recession of 2008, as fears of global oversupply coupled with lackluster demand engulfed the market. In thin holiday trade on Friday, front-month Brent futures were up 0.5% at $57.63 a barrel on London’s ICE exchange, after dropping to an intraday low of $57. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $53.65 a barrel, […]