TOLEDO, Ohio — Gas prices are under $5 a gallon in northwest Ohio for the first time in weeks.
The average price for a gallon of gas fell 10.1 cents in Toledo last week for an average of $4.91, according to GasBuddy's daily survey of 315 stations. Prices are 49 cents higher than a month ago and $1.92 higher than a year ago.
The cheapest station in Toledo Sunday was priced at $4.69 and the most expensive was $5.14.
The national average dropped 8.8 cents last week for a price of $4.88. The average for diesel fuel rose 2.6 cents for an average of $5.80.
"With Independence Day a week away, gas prices have continued to fall for the second straight week as the price of oil has faltered, ushering in the drop we're seeing. The good news is we could also see a third straight week of decline," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While prices will be at their highest July 4 level ever, they'll have fallen close to 20 cents since our peak in early June. Motorists should be wary that while the decline could continue for the week ahead, any sudden jolts to supply could quickly cause a turnaround, and risk remains that when the peak of hurricane season arrives, we could see a super spike at the pump."
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