Gas prices remain high after July 4


By Camri Nelson - cnelson@limanews.com



LIMA — Gas prices have remained high since Independence Day, and it is uncertain when they will drop, according to Patrick DeHaan, head of petroleum analysis at GasBuddy.

As of Monday afternoon, Hardin County had the lowest gas prices in the Greater Lima Region at $2.45, which is 40 cents less than the national average.

The county with the second lowest average gas prices is Van Wert at $2.673, followed by Mercer at $2.676, Shelby at $2.72, Hancock at $2.760, Auglaize at $2.768, Putnam at $2.77, Allen at $2.79 and Logan at $2.90.

On Monday morning, the average price of a gallon of regular gas in Ohio was $2.76, while last week’s average was $2.78. Sunday’s gas prices was 1.7 cents higher than Monday’s average. Last month’s gas prices were 2.8 cents higher than this month’s. Gas prices are 52.3 cents higher than last year.

Gas prices in the Lima region have decreased 17.6 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 27.6 cents higher than Monday’s prices. Regional gas prices are 12.8 cents lower than last month and 35.1 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.

The national average has gone down 0.6 cents from last week at $2.86. Sunday’s gas prices was consistent with Monday’s prices. Gas prices have gone up 59.7 cents since last year and are down 6.4 cents since last month.

Although President Trump has continued to push OPEC to push out more crude oil, there has not been much progress, according to DeHaan.

As hurricane season approaches, there is a possibility that within the next few weeks there could be more storms in Atlantic which could cause a disruption in oil or the refinery infrastructure, added DeHaan.

“There’s little downward pressure on oil prices as we remain in the midst of the summer driving season, and unless we see credible evidence to suggest OPEC or other countries are producing more oil, we will likely continue to see gas prices drift higher,” said DeHaan.

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By Camri Nelson

cnelson@limanews.com

Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews.

Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews.

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