NOTTINGHAM, MD—After just a week, average gas prices have returned to their decline, with the national average falling 2.6 cents from a week ago to $3.76 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 14.3 cents from a month ago but stands 36.3 cents per gallon higher than a year ago. The national average price of diesel has risen 2.3 cents in the last week and stands at $5.34 per gallon.
“After rising the week prior, the national average has changed directions again, posting a modest weekly decline with prices dropping in a majority of states. The decline has been partly driven by Great Lakes states, where prices fell by 15-25 cents per gallon due to an improvement in the refining situation, and also oil prices, which fell back under $90 per barrel last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices remaining volatile, the outlook is murky, but I’m hopeful in the lead up to Thanksgiving we’ll see prices declining in more states, while others may not be quite as lucky. Regardless, we’ll still be seeing the most expensive Thanksgiving Day prices on record.”
The most common U.S. gas price encountered by motorists stood at $3.39 per gallon, unchanged from last week, followed by $3.59, $3.49, $3.79, and $3.99 rounding out the top five most common prices. The median U.S. gas price is $3.59 per gallon, down 10 cents from last week and about 17 cents lower than the national average. The top 10% of stations in the country average $5.23 per gallon, while the bottom 10% average $2.99 per gallon. The states with the lowest average prices: Texas ($3.06), Georgia ($3.14), and Mississippi ($3.17). The states with the highest average prices: California ($5.35), Hawaii ($5.14), and Nevada ($4.95).
See previous gas price reports here
In the NottinghamMD.com coverage area gas prices stayed almost exactly the same as last week. The cheapest gas as of Monday could be found at the following locations:
EDITOR’S NOTE: No Nottingham-area gas stations were included in this week’s reported from GasBuddy.
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