TOLEDO, Ohio — Gas prices in Toledo have dropped nearly 12 cents in the last week, marking four straight months of a consistent descent in price.
A gallon of gas costs, on average, $2.79 in Toledo as of Tuesday, according to a GasBuddy survey of 315 gas stations in Toledo. The price is also now 12.4 cents lower than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.63/gallon, while the most expensive was $2.99/gallon. Statewide, the range was $3.79/gallon to $2.09/gallon from most expensive to least expensive.
Nationally, Toledo gas prices are well below the rest of the country. In a survey of 150,000 gas stations cross the U.S., the average price of a gallon of gas was $3.06, a figure that also continues to see consistent lowering according to GasBuddy.
The average price of a gallon of gas in Toledo for Jan. 2 is the second lowest it has been on this date in previous years since 2021:
- Jan. 2, 2023: $2.92/gallon
- Jan. 2, 2022: $2.98/gallon
- Jan. 2, 2021: $2.13/gallon
"After a brief hiatus, the national average has moved off its recent high, again falling closer to the $3 per gallon mark, setting up a potential second attempt at slipping below $2.99 for the first time since 2021," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"While gas prices have risen in some areas, such as California after refinery snags emerged, other states have returned to declines. Illinois is one such example, falling below $3 per gallon for the first time since 2021. The Great Lakes and Gulf Coast offer some of the nation's lowest gas prices, with the window of opportunity holding for the next few weeks to potentially re-test some of the levels seen a few weeks ago. The good news continues for average diesel prices, which slipped below $4 per gallon again and stand at their lowest level since the summer."
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