LIMA — Gas prices in the Lima region have fallen 17.4 cents since last week, according to prices reported to GasBuddy.com
On Monday afternoon the average price of a gallon of regular gas was $2.29 while last week’s average was $2.47. Gas prices have decreased 12.6 cents from last month’s average and have increased by 29.8 cents from last year’s average.
Yet again, Hardin County had the lowest average price in the region at $2.31, which passed Shelby County at $2.32. Allen County’s average was $2.34, Auglaize’s was $2.35, Mercer’s was $2.36, Putnam’s was $2.37, Hancock’s was $2.38, Logan’s was $2.48 and Van Wert’s was $2.50.
Ohio’s gas prices were down 8.4 cents since last week’s average. The average for Sunday was up 1.4 cents, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio. The national average is down 4 cents per gallon in the last week from $2.53.
Ohio’s gas prices are up 40.4 cents since last year and are up 3.3 cents from last month. The national average has gone up 37.6 cents since last year and is also up 3.5 cents since last month.
Head of petroleum analysis for GasBuddy, Patrick DeHaan, says that now that Thanksgiving is over OPEC will meet to determine the fate of the cartel’s oil production.
“Gasoline prices took a breather heading into Thanksgiving which may last another few days, but as oil prices perk back up heading into OPEC’s annual meeting, we may see a rebound soon,” he said. “OPEC’s decision may reverberate at pumps in the months and year ahead, and while the decision is likely to be an extension of production cuts made at their meeting a year ago, it’s certainly not yet guaranteed.”
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews.