NOTTINGHAM, MD—For the second straight week, the nation’s average gas price has fallen, declining 5.4 cents from a week ago and stands at $4.17 per gallon on Monday according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country.
The national average is up 25.5 cents from a month ago and $1.31 per gallon higher than a year ago. The national average price of diesel has fallen 3.6 cents in the last week and stands at $5.08 per gallon.
“Oil prices fell last week as COVID cases in China surged, prompting restrictions on movements and hurting oil demand. Meanwhile, President Biden’s announcement that the U.S. would be releasing 180 million barrels from the Strategic Petroleum Reserve caused an even further decline in oil, leading gas prices in nearly all areas of the country to fall over the last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “So long as oil prices remain under $100 per barrel and there’s no escalations in Russia’s war on Ukraine, we may be poised to see gas prices decline again this week as the U.S. and other countries try to raise oil supply to tip prices lower.”
The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, unchanged from last week, followed by $3.89, $4.09, $3.79, and $4.19 rounding out the five most common prices. The median U.S. price is $3.99 per gallon, down 20 cents from last week and about 18 cents lower than the national average. The states with the lowest average prices: Oklahoma ($3.73), Kansas ($3.75), and Arkansas ($3.76). The states with the highest prices: California ($5.86), Nevada ($5.20), and Hawaii ($5.15).
See previous gas price reports here
In the NottinghamMD.com coverage area, the cheapest gas as of Monday could be found at the following locations:
$3.49 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.49 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
$3.49
BJ’s Wholesale Club
4201 Wholesale Club Drive
Nottingham, MD 21236
Photo by Ingo Joseph from Pexels
