Gas prices ‘hinge’ on refinery issues


First Posted: 3/23/2015

LIMA — Prices may seem a little high at the pump this week, as they are up compared to last week’s prices.

In Lima, Monday gas prices were up about 16 cents per gallon compared with last week but still down from last month, last year and Sunday, according to prices reported by GasBuddy.com.

The same held true statewide, as prices were up about 12 cents compared with last week but down compared to last month’s and last year’s average.

“Gasoline trends are all over the place, depending on where in the country motorists are,” Patrick DeHaan, GasBuddy senior petroleum analyst, said in a statement.

There was a spike in the Great Lakes region, while most other places saw prices “drift lower,” DeHaan said.

As for what’s next for prices, DeHaan said nothing’s for sure.

“The coming week shows nothing guaranteed but uncertainty, as refiners begin finishing maintenance season, boosting production and beginning to draw down on oil inventories that are setting records,” DeHaan said. “This recipe will likely bring the lowest summer gasoline prices since 2010, but the short term outlook may vary based on region. … Price trends in the Great Lakes will hinge on refinery issues being resolved.”

Local counties seem to all be in the same range of prices, with Allen County’s at the low end at $2.25 per gallon. After that, prices jump up to $2.28 per gallon in Hardin and Putnam counties, then to $2.32 in Auglaize County, $2.33 in Hancock and Van Wert counties and Mercer County had the highest price at the pump with an average of $2.34 per gallon.

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