Gas prices fall nearly 8 cents in region


By John Bush - jbush@limanews.com



LIMA — Gas prices in nine area counties fell by an average of 7.8 cents since last week, according to prices reported to GasBuddy.com.

Allen and Shelby counties saw the most significant decline, as the average price for a gallon of regular unleaded gas dropped 12 cents. Prices in Allen County went from $2.24 last week to $2.12 early Monday, and the average price in Shelby County fell from $2.20 to $2.08.

Van Wert County experienced the second-largest decrease, with the average gas price falling 11 cents. Prices in Hancock County dropped 10 cents, while Auglaize County saw a 9 cent decline.

The lowest average price in the region was $2.08 in Shelby County, followed by Hardin ($2.09), Hancock ($2.11), Allen ($2.12), Van Wert ($2.15), Putnam ($2.16), Auglaize ($2.17), Mercer ($2.18) and Logan ($2.20) counties.

In Allen County, prices were down 2 cents from last month’s average of $2.14 and fell 7 cents from last year’s average of $2.19.

The average price in Ohio was $2.16 early Monday, making it the 19th least-expensive state in the country for gas. Ohio’s prices dropped 6.9 cents per gallon from the previous week. This compares with the national average, which has fallen 1.7 cents in the last week to $2.24.

“While the national average edged lower by a couple cents nearing its lowest of the summer, 20 states saw average prices move higher, two states saw prices little changed, while 28 saw average prices decline,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.

Oil prices were sagging to close out the month of June, DeHaan added, but by July they started to surge. Prices let up shortly after, but the market resumed its rise and was posting a 5 percent gain last week. As a result, DeHaan said the national market is likely to see “something of everything” in the coming weeks.

“We’re likely to again see…gas prices rising in most areas, falling in a few, and perhaps changing little in a handful of places as well,” he said.

By John Bush

jbush@limanews.com

Reach John Bush at 567-242-0456 or on Twitter @Bush_Lima.

Reach John Bush at 567-242-0456 or on Twitter @Bush_Lima.

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