TOLEDO, Ohio — Gas prices in the Toledo area have increased nearly 17.5 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.09 in Toledo as of Tuesday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now 18 cents lower than a month ago.
"While the future looks good for gas prices to continue trending lower for most in the weeks ahead, oil's jump may mute the downside potential just a bit — for now," said Patrick De Haan, head of petroleum analysis at GasBuddy.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.62/gallon, while the most expensive was $3.29/gallon. Statewide, the range was $2.55/gallon to $3.79/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are lower than the rest of the country. In a survey of 150,000 gas stations across the U.S. the average price of a gallon of gas was $3.16, a figure that has went down nearly 19 cents from a month ago, according to GasBuddy.
The national average price of diesel dropped 2 cents in the last week and now stands at $3.55/gallon.
The average price of a gallon of gas in Toledo on Sept. 23 is significantly cheaper than it has been in the last three years:
- Sept. 23, 2023: $3.55/g (U.S. Average: $3.83/g)
- Sept. 23, 2022: $3.50/g (U.S. Average: $3.67/g)
- Sept. 23, 2021: $3.05/g (U.S. Average: $3.18/g)
- Sept. 23, 2020: $2.10/g (U.S. Average: $2.19/g)
"With oil prices jumping after the U.S. Federal Reserve cut interest rates by a larger-than-expected half percent, we've seen some states where gas prices have inched back up, while others have continued to decline," said De Haan. "Most of these increases should be temporary with declines returning in the days and weeks ahead."
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