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Gas prices in Toledo down 85 cents in past month

The average price in the Glass City has declined for eight straight weeks and now stands at $3.88.
Credit: WTOL 11

TOLEDO, Ohio — The average price for a gallon of gasoline in Toledo is under the $4 mark for the first time in months.

Prices fell 18.3 cents last week for an average of $3.88, according to GasBuddy's daily survey of 315 stations in the city. This comes after a 24.5-cent decrease the week prior.

The average price is 85.2 cents lower than a month ago and 76.3 cents higher than a year ago. The cheapest station in Toledo Sunday was priced at $3.54 and the most expensive was $4.29.

The national average dropped 15.8 cents last week for a price of $4.01. Diesel fuel also fell 13.1 cents last week for a price of $5.14.

"The national average is poised to fall back under $4 per gallon as early as today as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Diesel continues to decline as well, and will likely soon fall under $5 per gallon. We've even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa. 

"The groundwork is laid for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average. While I'm upbeat the drop can continue for another couple weeks, we're starting to see some activity in the tropics, which may increase risk of potential disruption."

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