TOLEDO, Ohio — Gas prices in northwest Ohio are still trending down as prices at the pump continue to fluctuate.
The average price for a gallon of gas in Toledo decreased 9.2 cents last week to $3.19, according to GasBuddy's daily survey of 315 stations. That price is 1.5 cents lower than a month ago and 6.5 cents lower than a year ago.
The cheapest station in the Glass City was priced Sunday at $2.98 a gallon, while the most expensive was $3.49.
The average price per gallon locally has come down about 20 cents in the last two weeks.
The national average fell 4.4 cents last week to $3.44. The average price of diesel fuel dropped 5.2 cents to $4.60.
"For the first time in 2023, the national average price of gasoline has seen a weekly decline, primarily thanks to a sharp and sudden drop in the price of oil," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While the decline in both gasoline and diesel prices is terrific, it’s not unusual to see prices falling in February, which tends to be the month with some of the lowest gasoline prices of the year thanks to seasonally weak demand. For diesel, we're likely to see more declines, and potentially much more significant in the weeks ahead as imports of distillate have accelerated, leading to a sell off.
"And, with warmer weather ahead, demand may struggle as well. However, especially for gasoline, high levels of coming maintenance and the eventual transition to summer gasoline could lead today's declines to reverse down the road. For now, motorists should enjoy the decline, but be wary as we're likely to eventually see increases again down the road."
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