TOLEDO, Ohio — Gasoline prices are starting to trend down in Toledo.
The average price for a gallon of gas in Toledo dropped 5.5 cents last week after no change in the previous week. The average price stands at $4.03, according to GasBuddy's daily survey of 315 stations.
The cheapest station was priced at $3.75 and the most expensive was $4.39. Prices in Toledo are 69.2 cents a gallon higher than a month ago and $1.49 higher than a year ago.
The national average fell 9 cents a gallon last week for a price of $4.23.
“GasBuddy, last week, predicted that a top was in for the national average price of gasoline, and indeed, for the first time in 12 weeks, the national average price of gasoline has declined. While the decline is still subject to changes in global supply and demand, COVID and Russia's war on Ukraine, we are poised to see additional downdrafts at the pump this week in most areas," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, gasoline demand has shown absolutely no signs of buckling under the pressure of higher prices, even as California nears an average of $6 per gallon, with spring break travel well underway. If the situation does worsen, with more oil being kept away from global markets, it's not impossible that gas prices would still have to climb a considerable amount for Americans to start curbing their insatiable demand for gasoline."
