Gas prices to stay high for the rest of summer


By Camri Nelson - cnelson@limanews.com



KENTON — Gas prices are expected to remain between $2.80 and $2.89 for the rest of the summer, according to DeHaan head of petroleum analysis for GasBuddy.

As of Monday afternoon, Hardin County had the lowest gas prices in the Greater Lima Region at $2.63, which is 22 cents less than the national average.

The county with the second lowest average gas price is Hancock at $2.64, followed by Van Wert at $2.66, Allen at $2.705, Putnam at $2.746 , Auglaize at $2.748, Shelby at $2.77, Mercer at $2.78 and Logan at $2.85.

On Monday afternoon, the average price of a gallon of regular gas in Ohio was $2.77, while last week’s average was $2.75. Sunday’s gas prices were 0.7 cents cheaper than Monday’s average. Last month’s gas prices were three cents higher than this month’s. Gas prices are 52.1 cents higher than last year.

Gas prices in the Lima region have decreased 3.9 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 11.3 cents lower than Monday’s prices. Regional gas prices are 15.7 cents lower than last month and 54.8 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.

The national average has gone down 0.5 cents from last week at $2.83. Sunday’s gas prices was consistent with Monday’s prices. Gas prices have gone up 51.7 cents since last year and are down 1.2 cents since last month.

Oil prices are just a little under $70 per barrel, which is a clear indicator that gas prices will remain a little under $3 per gallon for the remainder of the summer, according to DeHaan.

“With several bullish and bearish factors weighing on oil prices, you may see gas prices stuck in some sort of late summer blues before motorists see more sizable relief coming after Labor Day,” he said. “Refiners continue to hum along meeting high demand with few kinks, leading to gas prices that have remained between $2.80-$2.89 per gallon the entire summer thus far.”

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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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