KENTON — As gasoline inventories remain steady, gas prices are expected to continue to drop, according to Patrick DeHaan, head of petroleum analysis for GasBuddy.
As of Monday afternoon, Hardin County had the lowest gas prices in the Greater Lima Region at $2.592, which is 25 cents less than the national average.
The county with the second lowest average gas price is Hancock at $2.593, followed by Shelby 2.597, Auglaize at $2.63, Allen at $2.64, Putnam at $2.67, Van Wert at $2.68, Mercer at $2.72 and Logan at $2.73.
On Monday afternoon, the average price of a gallon of regular gas in Ohio was $2.67, while last week’s average was $2.77. Sunday’s gas prices were 1.8 cents higher than Monday’s average. Last month’s gas prices were 16.7 cents lower this month’s. Gas prices are 37.1 cents higher than last year.
Gas prices in the Lima region have decreased 13.4 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 6.8 cents higher than Monday’s prices. Regional gas prices are 17 cents lower than last month and 46.5 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.
The national average has gone down 1.4 cents from last week at $2.84. Sunday’s gas prices was consistent with Monday’s prices. Gas prices have gone up 49.9 cents since last year and are down 3.9 cents since last month.
Most states this week have experienced a 10 to 20-cent decrease in gas prices as oil prices remain between $67 and $73 per barrel, according to DeHaan.
“Oil inventories have continued to decline, but gasoline inventories remain healthy, and with summer drawing to a close and gasoline demand set to step down, we may see additional relief coming barring any disruptions to the flow of oil or gasoline like a major hurricane,” said DeHaan.
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews.