TOLEDO, Ohio — Gas prices in the Toledo area have increased by 11 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.60 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. Prices at the pump are now 4 cents higher than a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.25/gallon, while the most expensive was $3.79/gallon. Statewide, the range was $2.98/gallon to $3.99/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are slightly 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 $3.47, a figure that has decreased half a cent from a month ago, according to GasBuddy.
"We continue to see a mixed bag when it comes to gas prices across the country: states in the Great Lakes region are still being jolted by the Joliet, IL refinery outage, which has also impacted gas prices in some areas of Canada, while areas like the West Coast continue to see notable declines," said Patrick De Haan, head of petroleum analysis at GasBuddy.
The national average price of diesel dropped 1 cents in the last week and now stands at $3.78/gallon.
Although the average price of a gallon of gas in Toledo on July 29 is significantly cheaper than it was in 2022, it stands 11 cents higher now than in 2023:
- July 29, 2023: $3.49/g (U.S. Average: $3.73/g)
- July 29, 2022: $4.12/g (U.S. Average: $4.21/g)
- July 29, 2021: $3.05/g (U.S. Average: $3.16/g)
- July 29, 2020: $2.03/g (U.S. Average: $2.19/g)
"With the summer winding down and GasBuddy data showing disappointing gasoline demand and struggling oil prices, we could eventually see the national average falling a bit more, especially once the refinery in Illinois restarts operations," said De Haan. "While hurricane season hasn't been a factor yet, it's also just starting to get into its prime, and that does remain a quiet wildcard for now."
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