Gas prices down almost 7 cents in Lima region


Gas prices down almost 7 cents in Lima region

The price at the pump mirrors crude oil prices, which have been trading in a relatively narrow range near the $50 per barrel mark.

MA is 9 cents below the US average price of $2.33 per gallon.

They're also up more than twenty cents per gallon from a year ago ...

Putnam and Shelby counties saw the most significant decline, as the average price for a gallon of regular unleaded gas dropped 13 cents.

Locally, some refinery issues failed to have a major impact on fuel prices, at least so far.

With much of the nation going to be impacted by Monday's eclipse, Jenkins advised motorists to be careful on the roads.

By region, the West Coast is the most expensive market in the country and prices at the pump were likely skewed higher by the demand pressures from tourists hitting the area to move into the path of totality for Monday's solar eclipse. To help prevent trouble, reduce your speed and keep additional space between you and other vehicles. GasBuddy reports the national average has increased 3.7 cents a gallon in the last month. The cheapest was $2.17 in Tampa and Orlando.

Monday's eclipse pushed demand for gas as drivers headed to areas with the best viewing, said Patrick DeHaan, senior petroleum analyst for GasBuddy. However, oil prices jumped late in the week after Baker Hughes reported the oil rig count dropped by 5 to 763 rigs, the largest weekly drop since January, perhaps signaling that the recent low oil price environment may be taking its toll on producers.

"There has been almost insatiable demand for gasoline ahead of today's eclipse", said Patrick DeHaan, senior petroleum analyst for GasBuddy.