TOLEDO, Ohio — Gas prices in Toledo are coming down slightly after large increases earlier this month.
The average cost for a gallon of gas in Toledo went down 7 cents last week to $3.60, according to GasBuddy's daily survey of 315 stations in the city. That cost is 23.5 cents higher than a month ago and 16.9 cents lower than a year ago.
The cheapest station in Toledo was priced Sunday at $3.36 a gallon, while the most expensive was $3.85.
The national average went up 7.6 cents a gallon last week to $3.65. The average price for diesel fuel fell 0.3 cents to $4.15.
"With oil prices touching their highest level of 2023 at nearly $83 per barrel, the national average price of gasoline has continued to inch higher, with 45 of the nation's 50 states seeing prices rise over the last week. While the rising price of oil is likely the largest factor in rising gas prices, seasonal impacts continue to also exert pressure on prices," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With the Northeast making the final step in the transition to summer gasoline this week, states in that region should expect a sharp rise in gasoline prices over the next week or two.
"Every other region has already seen the final step in the transition occur, so while other areas will see prices continue to slowly rise, the Northeast is likely to see a pretty hefty jump of 15-40 cents per gallon soon. Oil prices remain a wildcard, but we're likely a few weeks away from seeing the national average peak. Whether it hits $4 per gallon or not is still perhaps a 50/50 chance."
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