TOLEDO, Ohio — Gasoline prices in Toledo are close to dropping under the $4 a gallon mark for the first time in months.
Average prices fell 24.5 cents a gallon last week for an average of $4.06, according to GasBuddy's survey of 315 stations in the city. Prices in Toledo are 78.8 cents less than a month ago and $1.03 higher than a year ago.
The cheapest station was priced at $3.79 Sunday, while the most expensive was $4.41.
The national average came down 15.9 cents a gallon last week for a price of $4.17. That amount is 65.5 cents less than a month ago.
The cost of diesel fuel was also down last week - 14.8 cents to $5.27.
“We continue to see average gas prices falling in every state, with the national average down for the seventh straight week. Even better, nearly 20 states have also seen their average decline to $3.99 or less, with over 70,000 stations now at that level or below," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The outlook is for a continued drop in most areas, however, some supply tightness in areas of the northeastern U.S. could push prices up slightly until inventories rise, or imports do. For now, Americans are seeing prices nearly 90 cents lower than their mid-June peak and are spending close to $330 million less on gasoline every day as a result. As long as oil prices hold at these levels or lower, we'll see another decline in most areas this week."
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