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Gas prices soar 24 cents a gallon in Toledo following deadly refinery fire

Hurricane Ian could cause prices to climb even higher.

TOLEDO, Ohio — Gas prices are jumping back up following several refinery issues across the country, including a deadly fire at the BP Toledo refinery last week.

The average price for a gallon of gas in Toledo increased 24 cents in the past week, according to GasBuddy's daily survey of 315 stations in the city. This is 8.3 cents higher than a month ago and 62.6 cents higher than a year ago.

The cheapest station in the city was priced Sunday at $3.25, while the most expensive was $3.99.

The national average rose 3.2 cents a gallon to $3.67. The average cost of diesel fuel went down 5.1 cents to $4.88.

"One of the longest gas price declines on record has finally come to an end after 14 weeks, with gas prices shooting up in several regions amidst myriad refinery issues from the West Coast to the Great Lakes and in between," said Patrick De Haan, head of petroleum analysis at GasBuddy. "I don't know that I've ever seen a wider gamut of price behaviors coast to coast in my career. A slew of unexpected refinery disruptions, including fires and routine maintenance, have seemingly all happened in a short span of time, causing wholesale gas prices to spike in areas of the West Coast, Great Lakes and Plains states - and some of those areas could see prices spike another 25-75 cents per gallon or more until issues are worked out. 

"In addition, as Tropical Storm Ian nears the U.S. coast, some refiners could see limited disruption. As a precaution, GasBuddy has activated its Fuel Availability Tracker for motorists in Florida, Georgia, Alabama and South Carolina. Hopefully, disruptions will be very limited due to Ian, but there remain many factors driving prices both up and down across the country."

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