Breaking News
More () »

Gas prices in Toledo still averaging well over $4 a gallon

The average price for a gallon of gas is $4.29. Diesel prices are up to $5.55.

TOLEDO, Ohio — Gasoline prices in Toledo are unchanged from last week, still averaging $4.29 a gallon.

The average is 53 cents higher than a month ago and $1.43 higher than a year ago, according to GasBuddy's daily survey of 315 stations in the city. The cheapest station on Sunday was priced at $4.14 and the most expensive was $4.45.

The national average is also unchanged and remains $4.46. The price of diesel fuel went up 3 cents last week and the national average stands at $5.55 a gallon.

“Those filling their tanks last week saw another jolt at the pump, as both gasoline and diesel prices continued their multi-week rally," said Patrick De Haan, head of petroleum analysis at GasBuddy. "New records continued to be set on a near daily basis as the national average edges even closer to $4.50 per gallon. Prices later this week could be closer to $5 per gallon than $4, as demand continues to edge higher and inventories of both gasoline and diesel continue to decline, temperatures warm and motorists get back outside and we near the Memorial Day weekend, the start of the summer driving season. While the increases may start to slow in the days ahead as pump prices catch up to oil, there isn't much reason to be optimistic that we'll see a plunge any time soon."

Paid Advertisement