Cheaper gas prices expected for Labor Day


By Camri Nelson - cnelson@limanews.com



KENTON — National gas prices are currently at their lowest since May and prices are expected to be even even lower on Labor Day, 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 $2.59, 25 cents less than the national average.

The county with the second lowest average gas price is Mercer at $2.64, followed by Van Wert at $2.67, Allen at $2.68, Hancock at $2.688, Shelby at $2.689, Auglaize at $2.70, Putnam at $2.73 and Logan at $2.81.

On Monday afternoon, the average price of a gallon of regular gas in Ohio was $2.73, matching last week’s average. Sunday’s gas prices were consistent with Monday’s average. Last month’s gas prices were two cents lower than this month’s. Gas prices are 50.3 cents higher than last year.

Gas prices in the Lima region have decreased 10 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 3.8 cents higher than Monday’s prices. Regional gas prices are 2.5 cents higher than last month and 53.3 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.

The national average has gone down 1.3 cents from last week at $2.85. Sunday’s gas prices were 1.8 cents lower than Monday’s prices. Gas prices are consistent with last month’s average but have gone up 52.3 cents since last year.

Oil prices have remained in the mid-$60s per barrel due to what DeHaan describes as the “global optimism and pessimism surrounding a long litany of possible economic issues.”

“As we race towards summer’s finish line, we may see more pessimism weigh on oil markets, offering some relief to weary drivers who’ve seen the most expensive summer at the pump since 2014,” said DeHaan in a news release. “Labor Day will likely claim the cheapest prices for a summer holiday this year, and I’m sure millions of motorists will take advantage.”

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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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