TOLEDO, Ohio — Gas prices in the Toledo area have risen nearly 12.5 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.62 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. The price is also now almost 2.5 cents lower than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.24/gallon, while the most expensive was $3.75/gallon. Statewide, the range was $2.89/gallon to $5.49/gallon from least expensive to most expensive.
GasBuddy predicts that gas prices will average $3.58 per gallon nationally between Memorial Day and Labor Day.
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 $3.55, a figure that has decreased 12 cents from a month ago, according to GasBuddy.
The national average price of diesel dropped 3 cents in the last week and stands at $3.86/gallon.
The average price of a gallon of gas in Toledo on May 20, 2024 is the second highest it has been on this date in four years:
- May 20, 2023: $3.49/g (U.S. Average: $3.53/g)
- May 20, 2022: $4.46/g (U.S. Average: $4.60/g)
- May 20, 2021: $2.85/g (U.S. Average: $3.04/g)
- May 20, 2020: $1.84/g (U.S. Average: $1.92/g)
"The news continues to be good for motorists ahead of Memorial Day, with gasoline prices again falling, making it four straight weeks of declines for the national average as we get closer to the start of the summer driving season," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"The good news doesn't necessarily end there, either. GasBuddy's Summer Travel Forecast, coming out tomorrow, will also give motorists mostly good news for the rest of the summer, predicting that gas prices over the next few months will stay far under record levels and should continue trending lower as we get closer to July 4. While the Middle East, hurricane season, refinery maintenance and any other unexpected disruptions or weather remain wildcards, this summer is shaping up to be mostly favorable for drivers hitting the road."
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