TOLEDO, Ohio — Gas prices in the Toledo area went up 20 cents over the last week.
A gallon of gas costs, on average, $3.53 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. The price is also now almost 17 cents higher than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.21/gallon, while the most expensive was $3.61/gallon. Statewide, the range was $2.75/gallon to $3.98/gallon from least expensive to most expensive.
Nationally, Toledo gas prices are below the rest of the country. In a survey of 150,000 gas stations across the U.S. the average price of a gallon of gas was $3.57, a figure that has increased 17 cents from a month ago, according to GasBuddy.
The national average price of diesel increased 3 cents in the last week and stands at $4.02/gallon.
The average price of a gallon of gas in Toledo on April 8, 2024 is the third highest it has been on this date since 2020:
- April 8, 2023: $3.66/g (U.S. Average: $3.58/g)
- April 8, 2022: $3.92/g (U.S. Average: $4.12/g)
- April 8, 2021: $2.69/g (U.S. Average: $2.86/g)
- April 8, 2020: $1.43/g (U.S. Average: $1.88/g)
"After a brief break, gas prices have leapt back up, driven by extensive refinery maintenance on the West Coast, where prices have increased notably; only a handful of states have seen prices decline over the last week," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"With oil prices rising to nearly $87 per barrel last week, their highest since October, we are not only facing the seasonal factors that push prices up—refinery maintenance, the switch to summer gasoline, and rising demand—but also escalating crude oil prices as OPEC's production cuts continue to cause declining global oil inventories, with escalations between Iran and Israel adding to concerns of further destabilization. The West Coast is likely to see gas prices continue to jump, and in a week or so, will be joined by the mid-Atlantic and Northeast states as they wrap up the transition to summer gasoline."
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