LIMA — Gasoline prices in the region tumbled Monday after going up over the past week.
On Monday afternoon, the average gallon of regular unleaded gasoline in Allen County was $2.02, down 18.9 cents from Sunday’s price, 3.2 cents from last week’s average, and down 14.5 from last month’s average. It was, however, up 5.5 cents from last year.
“Call it the summer blues at the pump,” Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said in a statement. “Prices may fluctuate mildly in the weeks ahead, but we’ll be bouncing near the summer low price for some time. Don’t expect much improvement in prices for the rest of the summer.”
Allen County’s price registered at $2.24 Monday morning. The lowest rate Monday morning was in Hardin County ($2.13), followed by Putnam ($.216), Shelby ($2.20), Hancock ($2.21), Mercer ($2.25), Logan ($2.25), Van Wert ($2.26) and Auglaize ($2.26) counties.
Despite Monday’s declines, DeHaan expected to see prices heading upward. In Ohio, prices jumped 15 cents per gallon before Monday’s local declines.
“With July 4 now in the rear-view mirror, gasoline prices in many states have advanced following an uptick in oil prices in late June,” DeHaan said. “While gas prices may rise slightly in some states in the week ahead, it will be a very mixed bag across the country as the recent rally in crude oil prices appears to have stalled for now.”