TOLEDO, Ohio — Gas prices in the Toledo-area dropped 3 cents over the last week.
A gallon of gas costs, on average, $3.34 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. The price is also now 18 cents higher than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $2.89/gallon, while the most expensive was $3.49/gallon. Statewide, the range was $2.87/gallon to $4.45/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are below the rest of the country. In a survey of 150,000 gas stations cross the U.S. the average price of a gallon of gas was $3.40, a figure that has increased 23 cents from a month ago, according to GasBuddy.
The average price of a gallon of gas in Toledo on March 11, 2024 is the second lowest it has been on this date in previous years since 2021:
- March 11, 2023: $3.45/gallon (national average: $3.44/gallon)
- March 11, 2022: $4.08/gallon (national average: $4.33/gallon)
- March 11, 2021: $2.60/gallon (national average: $2.84/gallon)
"The national average price of gasoline has seen a continued but measured rise compared to last week, but the pace of increases has slowed slightly in the last few days. With government data showing a rise in refinery utilization last week, there may be some good news on the horizon for drivers," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"Much of the seasonal rise that happens this time of year is a culmination of refinery maintenance, the switch to summer gasoline, and rising demand. If refineries continue to boost output of products like gasoline, diesel, and jet fuel, it could mean earlier-than-expected relief. However, the changeover is still in process, so while we'll likely see the continuation of upward pressure on prices, improvement in output could slow that pressure down some."
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