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Gas prices drop over 11 cents a gallon in Toledo

Prices are 4.8 cents higher than a month ago and 5.4 cents higher than a year ago.

TOLEDO, Ohio — Gas prices in Toledo are coming back down after a big jump a week ago.

The average price for a gallon of gas in the city fell 11.1 cents last week to $3.11, according to GasBuddy's daily survey of 315 stations in the city. Prices are 4.8 cents higher than a month ago and 5.4 cents higher than a year ago.

The average price jumped over 30 cents a gallon during the week of Jan. 2.

The cheapest station in Toledo was priced Sunday at $2.94 a gallon, while the most expensive was $3.30.

The national average increased last week 2.5 cents to $3.28. The average price of diesel fuel decreased 7.2 cents to $4.56.

"We've seen somewhat of a mixed week at the pump with some states seeing gasoline prices rise, while others have stabilized for the time being. The good news as of late has been the continued decline in average diesel prices, which fell over a penny per day last week," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Oil prices have seen a bit of a rally, finishing last week at nearly $80 per barrel again as Chinese demand starts to jump as expected, but with COVID cases and deaths now also surging in China, the jump in demand could be short-lived. Gas prices may nudge up slightly in the week ahead in some areas, while others could hold flat. The window on price drops however, appears to be coming up on the horizon as we get closer to what's likely to be a significant refinery maintenance period ahead of summer."

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