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Gas prices drop 16 cents in Toledo

The average price is 11.1 cents higher than a month ago and 96.6 cents lower than a year ago.
Credit: alexanderuhrin - stock.adobe.com

TOLEDO, Ohio — Gas prices are trending downward again after increases earlier this month.

The average price for a gallon of regular gas in Toledo dropped 16 cents last week to $3.19, according to GasBuddy's daily survey of 315 stations in the city. That price is 11.1 cents higher than a month ago and 96.6 cents lower than a year ago.

Prices were climbing earlier this month, but started to trickle down in the last couple weeks.

The cheapest station in Toledo was priced Sunday at $2.87 a gallon, while the most expensive was priced at $3.45.

The national average fell a measly 0.3 cents a gallon last week to $3.40. The national average for diesel fuel dropped 5.9 cents to $4.19.

"The national average price of gasoline has seen little overall change over the last week, with big decreases in states like Colorado and Ohio offset by large increases in Arizona and North Carolina. While more states saw declines than increases, any downward trends are still likely to be temporary and not necessarily long lasting," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While Colorado's refinery issues are largely moving into the rearview mirror, challenges making the transition to summer gasoline in Arizona are leading to tight supply and accelerating prices. Motorists in some areas may be on the receiving end of good news, while others may not as we hit the second half of refinery maintenance season. You never know what the closing moments will look like, and motorists could be in for a dramatic ride if issues develop."

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