TOLEDO, Ohio — Gas prices in the Toledo area have fallen 12 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.20 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. The price is now 33 cents lower than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.93/gallon, while the most expensive was $3.49/gallon. Statewide, the range was $2.68/gallon to $3.99/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are below 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 $3.40, a figure that has dropped 23 cents from a month ago, according to GasBuddy.
The national average price of diesel dropped over 6.5 cents in the last week and stands at $3.75/gallon.
Although the average price of a gallon of gas in Toledo on June 3 has increased over the last four years, it took a dip in 2023 and stands 8 cents cheaper in 2024:
- June 3, 2023: $3.62/g (U.S. Average: $3.58/g)
- June 3, 2022: $5.07/g (U.S. Average: $5.01/g)
- June 3, 2021: $3.06/g (U.S. Average: $3.08/g)
- June 3, 2020: $2.14/g (U.S. Average: $2.08/g)
"We've seen one of the larger weekly drops in the national average price of gasoline in some time, and what incredible timing that it comes at the beginning of the summer driving season," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"Not only have gasoline prices plummeted in nearly every state in the last week, but nearly every state has also seen prices drop compared to a month ago. With the declines, Americans will spend roughly $425 million less per week on gasoline than a year ago. In addition, the price of diesel has fallen alongside gasoline to its lowest level since Russia's invasion of Ukraine in early 2022. This price decline party is ramping up, and I expect additional declines ahead of July 4 for both gasoline and diesel prices. Six states now have average prices below $3 per gallon, and more will join soon, with the number of U.S. stations at $2.99 or lower already nearing 25,000. It's a great start to summer for those hitting the road."
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