TOLEDO, Ohio — Gas prices in the Toledo-area rose 5 cents in the last week.
A gallon of gas costs, on average, $3.01 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations in Toledo. The price is also now 28 cents higher than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.72/gallon, while the most expensive was $3.12/gallon. Statewide, the range was $2.49/gallon to $3.89/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are well below the rest of the country. In a survey of 150,000 gas stations cross the U.S., the average price of a gallon of gas was $3.12, a figure that also continues to see consistent lowering, according to GasBuddy.
The average price of a gallon of gas in Toledo for Feb. 5 is the second lowest it has been on this date since 2021:
- Feb. 5, 2023: $3.19/gallon (U.S. average: $3.44)
- Feb. 5, 2022: $3.27/gallon (U.S. average: $3.43)
- Feb. 5, 2021: $2.42/gallon (U.S. average: $2.46)
"A majority of states again saw average gasoline prices rise over the last week, pushed slightly higher by oil prices that had risen to multi-month highs. While most states saw price increases, they were somewhat tame, though the trend will likely begin to accelerate towards the end of the month. For now, the most common gas price in the U.S. remains $2.99 per gallon, but its days are numbered," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"While Southern California is already beginning the transition to summer gasoline, and with it, higher prices, we could see a brief 'clearance sale' on remaining winter gasoline in some pockets of interior states as refiners start to move these time-sensitive barrels out of the system. Motorists shouldn't be fooled into thinking any drop in prices is a long-term trend, but rather a very short term one. I expect any modest and temporary drops in prices will be replaced by pricier gasoline as we get closer to the start of spring."
More on WTOL:
