Hurricane Ian could push prices even higher.
TOLEDO, Ohio – Gas prices are rebounding after several problems at refineries across the country, including a the deadly fire at the BP Toledo refinery last week.
The average price of a gallon of gasoline in Toledo has increased by 24 cents in the past week, according to GasBuddy’s daily survey of 315 stations in the city. That’s up 8.3 cents from a month ago and up 62.6 cents from a year ago.
The cheapest station in the city cost $3.25 on Sunday, while the most expensive was $3.99.
The national average price rose 3.2 cents a gallon to $3.67. The average price of diesel fuel decreased by 5.1 cents to 4.88 dollars.
“One of the longest declines in gas prices on record has finally come to an end after 14 weeks, with gas prices rising sharply in several regions amid a host of refinery problems from the West Coast to the Great Lakes and in between,” said Patrick De Haan, CEO of the Oil Analysis Department at GasBuddy. “I don’t know if I’ve ever seen a wider range of price behavior coast to coast in my career. A flurry of unexpected refinery outages, including fires and regulatory maintenance, all seemed to happen in a short period of time, causing wholesale gas prices to jump in the West Coast, Great Lakes and Plains states — and in some of those areas, prices may jump. another 25-75 cents a gallon or more until the issues are resolved.
“Additionally, as Tropical Storm Jan approaches the U.S. coast, some refineries may see limited disruption. As a precaution, GasBuddy has activated a fuel availability tracker for motorists in Florida, Georgia, Alabama and South Carolina. Hopefully, the disruption will be very limited due to Ian, but there are still many factors affecting the rise and fall of prices across the country.”
https://www.wtol.com/article/traffic/gas-prices/gas-prices-soar-24-cents-a-gallon-toledo-fatal-refinery-fire/512-e5700953-b50b-4b3e-8f0e-cf3242d8d3f3