TOLEDO, Ohio — Gas prices in the Toledo area have soared another 21 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.54 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now almost 20 cents higher than a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.15/gallon, while the most expensive was $3.79/gallon. Statewide, the range was $2.93/gallon to $4.20/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are relatively higher 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 $3.46, a figure that is down 6 cents from a month ago, according to GasBuddy.
The national average price of diesel increased by 1 cent in the last week and stands at $3.77/gallon.
Although the average price of a gallon of gas in Toledo on July 1 is significantly cheaper than in 2022, it stands 30 cents higher now than in 2023:
- July 1, 2023: $3.24/g (U.S. Average: $3.52/g)
- July 1, 2022: $4.85/g (U.S. Average: $4.83/g)
- July 1, 2021: $3.12/g (U.S. Average: $3.12/g)
- July 1, 2020: $2.13/g (U.S. Average: $2.18/g)
"As we approach July 4 later this week, motorists have seen the national average price of gasoline inch up ever so slightly for the third straight week," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"While the increases have been fairly tame, with oil continuing to hold above $80 per barrel, we could continue to see the national average climb slightly. Other areas that see price cycling saw prices shoot up early in the week, but those areas are now starting to see prices fall back down. For many Americans hitting the road for the July 4 holiday, prices in most areas are very comparable to what we saw last July 4. However, with Hurricane Beryl now formed in the Caribbean, we're reminded that gas prices could experience some jolts in the second half of the summer should a storm threaten refining capacity in Texas or Louisiana."
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