LIMA — Fuel prices were down in Lima on Monday, about 18 cents lower than last week’s average of $1.91, now at $1.72 per gallon.
In the state, prices are higher per gallon, at $1.81 on average, but still down about 19 cents from last week’s average of $2, according to prices reported by GasBuddy.com.
“Gasoline prices appear ripe to break under the $2 per gallon threshold in the next day or two, something not witnessed since March 2009,” said Patrick DeHaan, GasBuddy senior petroleum analyst, in a statement. “In addition, oil prices seem likely to spend some time under $40 per barrel, also some of the lowest prices witnessed since the Great Recession. It’ll come in handy not only the week ahead, but for the holiday season as well.”
On Monday morning, the lowest price in Allen County could be found in Bluffton, at the Circle K on Commerce and Jefferson and at the Shell near Interstate 75, at $1.55 per gallon.
In Lima, the lowest price was $1.68 at the Murphy USA on Harding Highway.
“Three main factors are leading to the low levels we’re seeing, a seasonal decline in gasoline demand, low and falling oil prices and a refinery maintenance season which is quickly wrapping up,” DeHaan said.
In the region, Hardin County had the lowest price at the pump at $1.72 per gallon, Allen County followed close behind with $1.73 per gallon, and then Auglaize County ($1.75), Mercer County ($1.77), Van Wert County ($1.78), Putnam County ($1.79) and Hancock County ($1.80).
Reach Danae King at 567-242-0511 or on Twitter @DanaeKing.