x
Breaking News
More () »

Gas prices in Toledo down 5.4 cents a gallon

Prices are trending down again after a 12-cent increase last week.

TOLEDO, Ohio — Gas prices in Toledo fell 5.4 cents per gallon last week after seeing a 12-cent increase the previous week.

The average price is $3.06 a gallon, according to GasBuddy's daily survey of 315 stations in the city. Prices are 2 cents lower than a month ago and 75.1 cents higher than a year ago.

The national average rose 1.2 cents a gallon last week for an average of $3.31.

"Average gas prices saw a slight boost over the last week as the rising price of crude oil continues to push prices up. While the rise was fairly tame, some states still saw slight declines. Gasoline demand, aside from motorists filling up ahead of the weekend winter storm, has been lackluster. The real pain at the pump will start in about 4-6 weeks," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Oil prices continue to edge higher as oil production remains a concern due to unrest in Libya and Kazakhstan, however, some improvement in the latter situation could lead to oil prices being more subdued."

RELATED: Gas prices jump 12 cents a gallon in Toledo

RELATED: US consumer prices soared 7% in past year, most since 1982

Before You Leave, Check This Out