Gas prices fall as 4th of July holiday approaches

By John Bush -

LIMA — Gas prices in Allen County fell by an average of 9 cents since last week, which was the second-largest drop in the region.

Hancock County saw the most significant decline, as the average price for a gallon of regular unleaded gas went from $2.13 last week to $2.02 early Monday, an 11-cent dip. Allen County’s gas prices dropped from $2.10 to $2.01 within the last week. Three counties — Mercer, Putnam and Shelby — experienced an 8 cent decline.

The lowest average price in the region was $1.97 in Hardin County, followed by Auglaize ($2), Allen and Shelby ($2.01), Hancock ($2.02), Van Wert ($2.06), Mercer ($2.08), Putnam ($2.10) and Logan ($2.15) counties. Although Hardin County boasted the lowest prices in the area, it was the only county to see a week-to-week increase. Prices in Hardin County rose 1 cent since last week.

In Allen County, prices were down 26 cents from last month’s average of $2.27, and have fallen 2 cents from last year’s average of $2.03.

The average price in Ohio was $2.09 early Monday, making it the 15th least-expensive state in the country for gas. Ohio’s prices dropped 5.7 cents per gallon from the previous week. This compares with the national average, which has fallen 2.7 cents in the last week to $2.22.

“With July 4 around the corner, the national average gasoline price has fallen over the last week yet again, said Dan McTeague, senior petroleum analyst for “While it has been over a month since the national average last saw a weekly rise, it is looking more likely we will soon face just that.”

McTeague added that “it’s just a matter of time” before the national average bottoms out for the short-term. However, he said the good news is the country is experiencing what may be the lowest average gas prices of the summer as the Fourth of July holiday approaches.

“While gasoline prices will likely begin to creep higher, the summer driving season could still end up being the lowest overall average since 2005,” he said.

By John Bush

Reach John Bush at 567-242-0456 or on Twitter @Bush_Lima.

Reach John Bush at 567-242-0456 or on Twitter @Bush_Lima.

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