TOLEDO, Ohio — Gas prices in the Toledo area have increased nearly 4 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.26 in Toledo as of Tuesday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now 21.5 cents lower than a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.99/gallon, while the most expensive was $3.57/gallon. Statewide, the range was $2.74/gallon to $3.79/gallon from least expensive to most expensive.
"Motorists rejoice! The national average price of gasoline prices has continued to slump for the fifth straight week. With the summer driving season now over, we have much to look forward to for the fall: more drops at the pump as demand drops seasonally, and the changeover to cheaper winter gasoline is just two weeks away," said Patrick De Haan, head of petroleum analysis at GasBuddy.
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 $3.28, a figure that has went down nearly 18 cents from a month ago, according to GasBuddy.
The national average price of diesel dropped slightly in the last week and now stands at $3.65/gallon, a multi-year low.
"While diesel prices fell slightly last week, they may rise with winter growing closer," De Haan said. "So, while it's great news for gas prices, diesel will likely soon see its seasonal rise kick in."
The average price of a gallon of gas in Toledo on Sept. 3 is significantly cheaper than it has been in the last three years:
- Sept. 3, 2023: $3.61/g (U.S. Average: $3.77/g)
- Sept. 3, 2022: $3.63/g (U.S. Average: $3.77/g)
- Sept. 3, 2021: $3.07/g (U.S. Average: $3.18/g)
- Sept. 3, 2020: $1.96/g (U.S. Average: $2.22/g)
"As long as we don't see a major hurricane head into the Gulf and the situation improves in the Middle East, the national average could fall below $3 in the next two months—GasBuddy is already tracking eight states at that level or lower," De Haan said.
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