TOLEDO, Ohio — Gas prices in the Toledo area went up 22 cents over the last week, an analyst for GasBuddy says.
A gallon of gas costs, on average, $3.63 in Toledo as of Monday, according to a GasBuddy survey of 315 gas stations. The price is also now 21.5 cents higher than it was a month ago.
The GasBuddy survey found the cheapest station in Toledo was priced at $3.23/gallon, while the most expensive was $3.79/gallon. Statewide, the range was $2.99/gallon to $4.45/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 $3.64, a figure that has increased almost 11 cents from a month ago, according to GasBuddy.
The national average price of diesel dropped less than half a cent in the last week and stands at $4.01/gallon.
The average price of a gallon of gas in Toledo on April 22, 2024 is the second highest it has been on this date since 2020:
- April 22, 2023: $3.68/g (U.S. Average: $3.66/g)
- April 22, 2022: $3.73/g (U.S. Average: $4.11/g)
- April 22, 2021: $2.76/g (U.S. Average: $2.88/g)
- April 22, 2020: $1.29/g (U.S. Average: $1.77/g)
"As the nationwide changeover to summer gasoline is now behind us, at least one of the three factors that had been actively causing prices to rise in the last couple of months is behind us. However, it may take time for the largest pain point to be over: refinery maintenance. The next few weeks should see many refineries wrapping up their work and gasoline output should rise, putting downward pressure on gasoline prices soon," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"While Israel's retribution on Iran was somewhat surprising, it was also measured, with Iran virtually not even mentioning it publicly. As such, the price of oil has moved slightly lower, following the de-escalation that now appears to be taking place. I'm hopeful with reduced concern in the Middle East and an end to the seasonal factors pushing prices up that Americans will soon see relief."
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