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Gas prices in Toledo down over 11 cents a gallon

Prices are 38.2 cents higher than a month ago and 18.2 cents higher than a year ago.

TOLEDO, Ohio — Gas prices in northwest Ohio came down a bit last week after a big jump one week earlier.

The average price for a gallon of gas in Toledo went down 11.4 cents last week to $3.29, according to GasBuddy's daily survey of 315 stations in the city. That price is 38.2 cents higher than a month ago and 18.2 cents higher than a year ago.

The cheapest station in the Glass City was priced Sunday at $3.13 a gallon, while the most expensive was $3.65.

In Michigan, prices went up 15.5 cents a gallon in Ann Arbor to $3.47, and 13.7 cents in Detroit to $3.48.

The national average went up 9.7 cents last week to $3.49. The national average for diesel fuel rose 5.4 cents to $4.65.

"The national average price of gasoline has risen for the fifth straight week as retailers pass along the rise in wholesale gasoline prices due to continued challenges: refinery utilization that still hasn't fully recovered from December's cold weather, and refinery maintenance season that's just around the corner," said Patrick De Haan, head of petroleum analysis at GasBuddy. "There appears to be little good news on the gas price front, with prices unlikely to turn around anytime soon. 

"Because of the surge in prices last spring, many refineries that had planned maintenance deferred maintenance until 2023. With the can kicked to this year, we may have similar challenges producing enough refined products to meet demand, especially with the European Union cutting off refined products from Russia starting Feb. 5."


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