LIMA — The average price of a gallon of gasoline was up 4.5 cents from last week, according to prices reported Monday morning on GasBuddy.com.
The average price of a gallon of regular unleaded gasoline was $2.09 on Monday morning in Allen County, up from last week’s $2.04. It was up 2.5 cents from last month’s average but down 5.4 cents from last year’s average.
The lowest price in the Lima area was $1.94 at Shawnee Fuel Stop, at Breese Road and Interstate 75 in Lima.
“With July coming to a conclusion, the U.S. saw its average retail gas price fall 16 cents per gallon across the month, where the average price sits at $2.13 per gallon to start August,” Will Speer, a senior petroleum analyst with GasBuddy, said in a statement. “As prices continue to fall in the heart of summer, motorists have been able to take advantage of the cheapest summer prices in over a decade.”
The lowest average prices in the region were in Hardin County, at $2.04 per gallon. The highest average price in the region was in Logan County, at $2.11. In between the extremes were Putnam County ($2.04), Hancock County ($2.05), Shelby County ($2.06), Van Wert County ($2.06), Mercer County ($2.11) and Auglaize County ($2.11).
Speer said gasoline inventories are up 11.8 percent compared to last year, driving prices down despite high demand.
“Demand for gasoline continues to surge as low prices have spurred more road trips and have swayed consumer vehicle purchasing habits,” Speer said.