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Gas prices climb another 16 cents in Toledo

The average locally has gone up about 36 cents in the last two weeks. However prices are still far below where they were a year ago.

TOLEDO, Ohio — Gasoline prices are still climbing in northwest Ohio.

The average price for a gallon of gas in Toledo jumped another 16.6 cents last week to $3.44, according to GasBuddy's daily survey of 315 stations in the city. That price is 29.6 cents higher than a month ago, but 63.9 cents lower than a year ago.

The cheapest station in Toledo was priced Sunday at $2.88 a gallon, while the most expensive was $3.59.

This price increase comes one week after a 20-cent hike.

The national average rose 8 cents to $3.44. The national average for diesel fuel dropped 4.1 cents to $4.30.

"With the transition to more expensive summer gasoline underway coast to coast, wholesale gasoline prices continue to inch up at a rate typical for this time of year, reflected in the national average rising for the second straight week," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While oil prices edged slightly lower on weaker outlooks for economic growth, continued refinery maintenance and the higher cost of seasonal blends of fuel are offsetting oil's decline. 

"The price of diesel, however, continues to slowly decline as we see consumption for diesel lighten up. The best news for both gasoline and diesel prices is how significant a drop we've seen from year-ago levels, with more disinflation to come in the weeks ahead, even as gas prices are likely to inch up."

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