TOLEDO, Ohio — The average price of gasoline in Toledo is still hovering around the $5 a gallon mark.
The price went down 4.5 cents last week for an average cost of $5.01, according to GasBuddy's daily survey of 315 stations in the city. Prices locally are 55.2 cents higher than a month ago and $1.99 higher than a year ago.
The cheapest station in Toledo was priced at $4.75 on Sunday and the most expensive was $5.19.
The national average decreased 4.2 cents last week for a price of $4.97. The national average for diesel fuel increased 2.6 cents to $5.80 a gallon.
“For the first time in nine weeks, gasoline prices have fallen, following a broad sell-off in oil markets last week, pushing the national average back under the $5 level with most states seeing relief at the pump," said Patrick De Haan, head of petroleum analysis at GasBuddy. "I'm hopeful the trend may continue this week, especially as concerns appear to be mounting that we may be on the cusp of an economic slowdown, putting downward pressure on oil. But the coast isn't yet entirely clear. We could see the national average fall another 15 to 30 cents, if we're lucky, by the time fireworks are flying, barring any unexpected shutdowns at a time when the market is extremely sensitive to such."
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