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Toledo news, weather, traffic and sports | Toledo, Ohio, | wtol.com

Gas prices holding steady in Toledo, but increases could be coming

As demand goes up this summer, so will prices at the pump.
Credit: Joshua Rainey - stock.adobe.com

TOLEDO, Ohio — Gas prices in Toledo fell 2.1 cents per gallon last week, according to GasBuddy's daily survey of 315 gas stations in the city.

Gas prices in Toledo are 1 cent per gallon lower than a month ago and $1.17 higher than a year ago. The cheapest station in Toledo is selling gas for $2.46 a gallon, while the most expensive is $2.99. 

"The nation's gas prices perked up again last week as oil prices advanced to fresh multi-year highs on COVID improvements overseas and the switch to summer gasoline, which is basically now complete," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Last week saw the national average hit its highest level in two years, and with continued recovery in gasoline demand, the increase in price is likely to continue into the future."

The national average rose to $2.89.

De Haan said as more Americans return to the roadways this summer, drivers should brace for prices approaching $3 a gallon.