Gas prices are expected to drop by Saturday


By Camri Nelson - cnelson@limanews.com



LIMA — National prices are expected to drop on Saturday as the industry transitions to winter gasoline, according to Patrick DeHaan head of petroleum analysis for GasBuddy.

As of Monday afternoon, Van Wert County had the lowest gas prices in the Greater Lima Region at $2.62, 21 cents lower than the national average.

The county with the second lowest average gas price is Allen at $2.66, followed by Putnam at $2.69, Shelby at $2.70, Mercer at $2.70, Auglaize at $2.725, Hancock at $2.728, Hardin at $2.73 and Logan at $2.86.

On Monday afternoon, the average price for a gallon of regular gas in Ohio was $2.72, which was consistent with last week’s average. Sunday’s gas prices were 1.5 cents higher than Monday’s average. Last month’s gas prices were 0.8 cents lower than this month’s. Gas prices are 24.5 cents higher than this time last year.

Gas prices in the Lima region have increased 3.2 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 2.2 cents higher than Monday’s prices. Regional gas prices are 2.8 cents lower than last month and 16.9 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.

The national average has gone up 1.1 cents from last week at $2.82. Sunday’s gas prices were consistent with Monday’s prices. Gas prices are 2.8 lower than last month’s average but have gone up 17.7 cents since last year.

“While Hurricane Florence may pose fuel-related challenges for areas of the East Coast, there is little to no threat to refineries at this time and is thus unlikely to bring measurable impact to the national average price of gasoline, but could bring supply challenges to several states, depending on levels of evacuations and timing of them,” said DeHaan in a news release. “Hurricane season aside, gasoline demand will likely drift lower nearly countrywide, putting some additional downward impact on prices in most communities over the next few weeks.”

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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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