TOLEDO, Ohio — Average gasoline prices soared 37.5 cents a gallon in Toledo last week for an average of $4.80, according to GasBuddy's daily survey of 315 stations in the city.
Prices in Toledo are 73.8 cents higher than a month ago and $1.88 higher than a year ago. The cheapest station in the city Sunday was $4.54 and the most expensive was $4.99.
The national average rose 26 cents a gallon last week for a price of $4.85. Diesel increased 11.5 cents and stands at $5.62.
“After a blistering week of gas prices jumping in nearly every town, city, state and area possible, more bad news is on the horizon. It now appears not if, but when, we'll hit that psychologically critical $5 national average," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Gasoline inventories continue to decline even with demand softening due to high prices, a culmination of less refining capacity than we had prior to COVID and strong consumption, a situation that doesn't look to improve drastically anytime soon. Nine states have average gas prices that stand beyond the $5 per gallon mark, with more set to join in the days and weeks ahead. In addition, diesel prices also stand at a record high, a second gut-punch to consumers which pushes prices of most goods higher."
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