Business, Sci-Tech

Gas prices rise for second straight week as diesel skyrockets

NOTTINGHAM, MD—For the second straight week, the nation’s average gas price is up, rising 6.9 cents from a week ago to $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 down 1 cent from a month ago and $1.29 per gallon higher than a year ago. The national average price of diesel has risen 22.2 cents in the last week and stands at $5.29 per gallon.

“Gasoline prices have continued their rally in the last week with oil prices sustaining higher levels, but the real story has been diesel fuel, which has skyrocketed to its highest level ever seen. Diesel is now $1 per gallon or more in many areas compared to gasoline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The meteoric rise in diesel prices is likely to continue for the first half of the week at least, while gasoline prices could continue to see a slow but steady rise. For now, the rising cost of diesel will surely be felt in the grocery store, hardware store or on your next flight as jet fuel prices accelerate, leading to a continued rise in inflation likely to ripple across the economy.”

The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, up 10 cents from last week, followed by $3.89, $3.79, $4.09, and $4.19 rounding out the five most common prices. The median U.S. price is $3.99 per gallon, up 10 cents from last week and about 18 cents lower than the national average. The top 10% of stations in the country average $4.57/gal, while the bottom 10% average $3.63/gal. The states with the lowest average prices: Georgia ($3.70), Arkansas ($3.79), and Kansas ($3.79). The states with the highest prices: California ($5.72), Hawaii ($5.21), and Nevada ($5.05).

See previous gas price reports here

In the coverage area, the cheapest gas as of Monday could be found at the following locations:

$3.97 per gallon
9919 Pulaski Highway
Middle River, MD 21220

$3.97 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237

$3.99 per gallon
BJ’s Wholesale Club
4201 Wholesale Club Drive
Nottingham, MD 21236

$3.99 per gallon
8235 Perry Hall Boulevard
Nottingham, MD 21236

Photo by Ingo Joseph from Pexels

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