TOLEDO, Ohio — Gas prices in Toledo have dropped almost 40 cents a gallon in the last three weeks.
The average price fell 16.4 cents last week to $3.36 a gallon, according to GasBuddy's daily survey of 315 stations in the city. That cost is 52.1 cents lower than a month ago and 24.2 cents higher than a year ago.
The cheapest station in Toledo was priced Sunday at $3.07, while the most expensive was $3.59.
The national average dropped 15.8 cents last week to $3.36. The national average for diesel fuel fell 13.6 cents to $5.06.
"For the first time in 670 days, the national average price of gasoline has fallen below its year-ago level, dropping for the fourth straight week to its lowest level since January," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Every state has again seen average gasoline prices drop in the last week, and it remains very possible the national average could fall under $3 per gallon by Christmas. There has also been a drop in diesel prices, which this week will fall back under $5 per gallon, and could soon thereafter fall to their lowest level since March. However, despite all the good news about fuel prices, there may be some concerns coming as the price cap on Russian oil kicks in. Retaliation is possible, and while OPEC+ upheld production cuts from last month, they could always cut more production. For now, however, we'll likely see another week of declines at the pump in nearly all areas."
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