Hurricane Florence delivers minimum impact on regional gas prices


By Camri Nelson - cnelson@limanews.com



LIMA — Despite the damage caused by Hurricane Florence in the Carolinas, there was a minimum impact on oil delivery and refinery operations, according to Patrick DeHaan head of petroleum analysis for GasBuddy.

As of Monday afternoon, Shelby County had the lowest gas prices in the Greater Lima Region at $2.63, 21 cents lower than the national average.

The county with the second lowest average gas price is Auglaize at $2.65, followed by Hardin at $2.68, Mercer at $2.72, Hancock at $2.73,Van Wert and Putnam at $2.781, Logan at $2.785 and Allen at $2.788.

On Monday afternoon, the average price for a gallon of regular gas in Ohio was $2.77, which was 4.1 cents cheaper than last week’s average. Sunday’s gas prices were 0.6 cents higher than Monday’s average. Last month’s gas prices were 1 cent higher than this month’s. Gas prices are 38.5 cents higher than this time last year.

Gas prices in the Lima region have increased 0.5 cents since last week, according to prices reported to GasBuddy.com. Sunday’s gas prices were 15.4 cents higher than Monday’s prices. Regional gas prices are 18.8 cents lower than last month and 33.3 cents higher than last year, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.

The national average was consistent with last week’s average at $2.82. Sunday’s and last month’s gas prices were consistent with Monday’s prices. However, gas prices have gone up 23.4 cents since last year.

“With several areas of tropical weather moving away from the U.S. comes some breathing room for energy markets, with oil prices under pressure as the risk premium subsides, setting the stage for some relief at the gas pump as we progress through the week,” said DeHaan in a news release.”Florence may make an impact on local pipelines in Florence’s path with power loss and flooding possible issues, but problems will be worked around as life pauses in these areas and where we see considerable demand destruction taking place as floods keep motorists from moving.”

This will be the first full week of cheaper winter gasoline across most of the country, according to DeHaan.

“This [cheaper winter gasoline], coupled with lower demand in the weeks ahead, will push retail gasoline prices lower,” said DeHaan in a news release.

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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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