LIMA — Gas prices in the Lima region fell 1.2 cents since last week, according to prices reported to GasBuddy.com
On Monday afternoon, the average price of a gallon of regular gas was $2.299, while last week’s average was $2.31. Gas prices decreased 33.1 cents from last month’s average and increased by 14.6 cents from last year’s average.
Shelby County had the lowest average price in the region at $2.19, just past Hancock County at $2.20. Auglaize County’s average was $2.22, Mercer’s was $2.262, Allen’s was $2.266, Putnam’s was $2.30, Logan’s was $2.42, and Van Wert’s was $2.46.
Ohio’s gas prices were down 8.9 cents since last week’s average. The average for Sunday was up 1.2 cents, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. The national average is down 1.3 cents per gallon in the last week from $2.50.
Ohio’s gas prices are up 14.7 cents since last year and are down 31.3 cents from last month. The national average went up 30.6 cents since last year 4.2 cents up since last month.
The future for gasoline prices does not look good after OPEC decided last week to extend last year’s agreement on oil production cuts, said Patrick DeHaan, head of petroleum analysis for GasBuddy.
“While the short term may feature more modest price decreases is many areas, as we set our sights on the months ahead, 2018 is starting to look ominous as a result of OPEC’s extension,” he said. “Motorists should enjoy the falling prices now because it’s likely that prices may again rise approaching the New Year as oil prices continue to show strength.”
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews