LIMA — Hardin County has the lowest gas prices for two weeks in a row, this week boasting a four-cent lead.
Hardin County has the lowest county average price for gasoline at $2.25. Next is Auglaize at $2.29 followed by Van Wert at $2.36, Mercer at $2.38, Logan $2.44, Allen at $2.45, Putnam $2.46, Hancock at $2.49 and Shelby at $2.51.
On Monday afternoon, the average price of a gallon of regular gas in Ohio was $2.46, while last week’s average was $2.43. Gas prices have increased one cent from last month’s average and have increased 37.9 cents from last year’s average.
Gas prices in the Lima region have increased 5.3 cents since last week, according to prices reported to GasBuddy.com. Ohio’s gas prices were up three cents since last week. The average for Sunday was the same as Monday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.
The national average has gone up 1.7 cents last week from $2.58. Gas prices has gone up 33.4 cents since last year and is up 11 cents since last month.
Oil production in the U.S. is the highest it has been since the 1970s, and last year’s product cuts at OPEC has prevented U.S production from rising, according to head of petroleum analysis for GasBuddy, Patrick DeHaan. He predicts that worse is yet to come during the refinery maintenance season and when summer gasoline arrives.
“This has been a storm brewing since the Obama administration legalized oil exports and OPEC decided to forgo market share to tighten global supply,” said DeHaan in a news release. “All of this and more will lead to average gas prices being 25-50 cents per gallon higher by Memorial Day.”
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews.