x
Breaking News
More () »

Gas prices down another 4 cents in Toledo; diesel reaches one-year low

The price drops could soon end however as prices tend to jump between now and Memorial Day.
Credit: alexanderuhrin - stock.adobe.com

TOLEDO, Ohio — Gas prices in Toledo are still decreasing, although the amount is getting smaller.

The average price for a gallon of gas locally dropped 4.6 cents last week to $3.15, according to GasBuddy's daily survey of 315 stations in the city. That price is 2.6 cents higher than a month ago and 5.9 cents lower than a year ago.

The cheapest station in the Glass City was priced Sunday at $2.93 a gallon, while the most expensive was $3.49.

The price in Toledo has come down about 25 cents in the past three weeks.

The national average fell 7.3 cents last week to $3.37. The national average for diesel fuel also dropped 7.3 cents to $4.53 - the lowest it's been since March of 2022.

"For a second straight week, the national average price of gasoline has declined, alongside the price of diesel which has fallen to its lowest level in nearly a year," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While diesel prices likely have a long way to fall as inventories continue to improve, gasoline prices in some areas have gone up in the last weeks as the transition to summer gasoline is just around the corner. 

"In addition, GasBuddy data shows that gasoline demand has risen for the third straight week, a trend that will likely continue as we gradually see temperatures warm and the heart of winter moves to the rear view. Also, refinery maintenance season will soon be in full force, likely putting upward pressure on prices. On average, gasoline prices rise between 35 and 85 cents per gallon between March and Memorial Day, so motorists seeing prices fall should enjoy the declines while they last."

RELATED VIDEO

Before You Leave, Check This Out