Gas prices could bottom out in June

FORT WAYNE, Ind. (WANE) Average retail gasoline prices in Fort Wayne have risen 14.1 cents per gallon in the past week, averaging $3.60 a gallon on Sunday, June 10. This compares with the national average that has fallen in the last week to $3.56 a gallon, according to gasoline price website FtWayneGasPrices.com.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were lower than the same day one year ago and are 9.1 cents per gallon lower than a month ago. The national average has decreased during the last month and stands lower than this day one year ago.

"While price decreases have heated up on the West Coast, such decreases are drying up in other areas- such as the Great Lakes," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While current factors still point to some falling gasoline prices in some areas, mainly the West Coast, oil prices haven't continued to shed as much value in the past week. Prices in the past few years have bottomed out in June, we could see a similar situation play out this year," DeHaan said.