TOLEDO, Ohio — Gas prices in the Toledo area have dropped nearly 13 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.42 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now 19 cents higher than a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.19/gallon, while the most expensive was $3.65/gallon. Statewide, the range was $2.91/gallon to $4.35/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are relatively similar to 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 remained unchanged at $3.46, a figure that went up 5.5 cents from a month ago, according to GasBuddy.
The national average price of diesel increased by 3.5 cents in the last week and stands at $3.81/gallon.
Although the average price of a gallon of gas in Toledo on July 8 is significantly cheaper than in 2022, it stands 30 cents higher now than in 2023:
- July 8, 2023: $3.13g (U.S. Average: $3.52/g)
- July 8, 2022: $4.73/g (U.S. Average: $4.70/g)
- July 8, 2021: $3.10/g (U.S. Average: $3.15/g)
- July 8, 2020: $2.10/g (U.S. Average: $2.19/g)
"The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs. While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"For now, we'll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place."
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