TOLEDO, Ohio — The average price for a gallon of gas in Toledo went down 10.6 cents last week to $3.77, according to GasBuddy's daily survey of 315 stations in the city.
This is the second week in a row of decline following several weeks of increases brought on by many factors, including the fatal BP Husky refinery fire. Prices decreased 7.5 cents the week prior.
The average price is still 17.2 cents higher than a month ago and 55 cents higher than a year ago. The cheapest station in Toledo was priced Sunday at $3.48 and the most expensive was $3.99.
The national average fell 9.3 cents a gallon last week to $3.77. The national average for diesel fuel rose 4 cents to $5.30 a gallon.
"Average gas prices have declined for the second straight week with significant declines in the West and Great Lakes having an oversized effect on the drop in the national average," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With oil prices struggling a bit after reaching $93 after OPEC+'s decision to cut production, many regions could see falling gas prices again this week as demand continues to decline seasonally, especially if more data points to a significant economic slowdown. While gasoline prices have seen a large drop, diesel prices have been somewhat mixed, with prices heading higher in the Northeast as inventories drop to extremely tight levels ahead of the heating oil season. Motorists are reminded that the decline in gasoline prices is seasonal and should continue into the fall, and is unrelated to the coming election. Seasonality is king in driving prices, not the desires or hopes of politicians."
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