TOLEDO, Ohio — Gas prices in the Toledo area have increased 11 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.11 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now almost 17 cents lower than a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.55/gallon, while the most expensive was $3.77/gallon. Statewide, the range was $2.55/gallon to $3.79/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are 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 was $3.16, a figure that is similar to last month, according to GasBuddy.
The national average price of diesel dropped nearly 3.5 cents in the last week and now stands at $3.57/gallon.
"With oil prices recently starting to fall again, the rise we saw could end before you know it. And with restoration happening in Florida, we could start to see a decline in gas prices in the weeks ahead, with a good chance of seeing the first sub-$3 per gallon national average since 2021," said Patrick De Haan, head of petroleum analysis at GasBuddy.
Although the average price of a gallon of gas in Toledo on Oct. 14 is the lowest its been in the last three years, it's significantly higher than it was in 2020.
- Oct. 14, 2023: $3.16/g (U.S. Average: $3.58/g)
- Oct. 14, 2022: $3.88/g (U.S. Average: $3.90/g)
- Oct. 14, 2021: $3.25/g (U.S. Average: $3.30/g)
- Oct. 14, 2020: $1.95/g (U.S. Average: $2.17/g)
"For now, while Hurricane Milton has left a third of all stations in Florida without gas, the storm itself is not impacting prices, and the situation in Florida is expected to improve," said De Haan.
