TOLEDO, Ohio — Gas prices in Toledo increased 4.6 cents a gallon last week, according to GasBuddy's daily survey of 315 stations in the city.
The average price for a gallon of gas in Toledo is $3.34. The cheapest is listed at $2.85, while the most expensive is $3.77.
Prices are 23.2 cents higher than a month ago and 62.4 cents higher than a year ago.
The national average rose 7.5 cents a gallon last week for a price of $3.59.
“The Russian invasion of Ukraine has sparked high level concern that oil production could eventually be stifled, or even sanctioned, from the world's second largest oil producer, leading to less supply as demand grows. That possibility has pushed up the national average price of gasoline considerably in the last week, and the situation could worsen at any time, keeping gas prices elevated for the foreseeable future," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition to the unstable situation with the Russian invasion, we're also entering the time of year that seasonality pushes gasoline prices up by anywhere from 25 to 75 cents by Memorial Day. It's simply looking like a perfect storm for motorists at the pump, with little to no relief anytime soon."