Analyst: Gas prices dropping heading into holiday weekend


LIMA — Gas prices should be on their way down heading into the Fourth of July weekend, an analyst said. Still, local numbers were still up compared to last week, according to prices reported to GasBuddy.com.

A gallon of regular unleaded gasoline cost $2.76 in Allen County on Monday morning, down 1.7 cents from Sunday’s price but still up 5.8 cents from last week’s average and 18.3 cents from last month’s average. Still, that’s down 74 cents from last year’s average and short of the 2015’s highest level, set at $2.83 on June 12.

Ohio’s average Monday morning was $2.81, up 7.6 cents from last week and 15.6 cents from last month’s average.

Still, Patrick DeHaan, GasBuddy.com’s senior petroleum analyst, expects prices to come down, despite concerns about how Greece’s instability might affect oil prices.

“Regardless of Greece, I believe gas prices nationally will eke out a third straight weekly decline, though a negative outcome in the Greece situation stands to enhance the expected momentum,” he said. “Just 11 states saw increases during the last week, leaving 39 that saw a decline, a nice trend as we head towards July 4.”

Putnam County had the lowest average locally, at $2.73 per gallon, followed by Auglaize County ($2.76), Hardin County ($2.76), Mercer County ($2.78) and Van Wert County ($2.81).

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