NOTTINGHAM, MD—For the first time in twelve weeks, the national average price of gasoline has fallen, declining 9.0 cents from a week ago and stands at $4.24 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 71.5 cents from a month ago and $1.37 per gallon higher than a year ago. The national average price of diesel has fallen 10.2 cents in the last week and stands at $5.03 per gallon.
Prices in Maryland are even lower thanks to a 30-day waiver of the gas tax that was enacted by Governor Larry Hogan last week.
“GasBuddy, last week, predicted that a top was in for the national average price of gasoline, and indeed, for the first time in 12 weeks, the national average price of gasoline has declined. While the decline is still subject to changes in global supply and demand, COVID and Russia’s war on Ukraine, we are poised to see additional downdrafts at the pump this week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, gasoline demand has shown absolutely no signs of buckling under the pressure of higher prices, even as California nears an average of $6 per gallon, with spring break travel well underway. If the situation does worsen, with more oil being kept away from global markets, it’s not impossible that gas prices would still have to climb a considerable amount for Americans to start curbing their insatiable demand for gasoline.”
The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, unchanged from last week, followed by $4.09, $3.89, $4.19, and $4.29 rounding out the five most common prices. The median U.S. price is $4.05 per gallon, down 14 cents from last week and about 19 cents lower than the national average. The states with the lowest average prices: Oklahoma ($3.75), Kansas ($3.78), and Missouri ($3.80). The states with the highest prices: California ($5.85), Nevada ($5.08), and Hawaii ($5.05).
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:
$3.56 per gallon
Crown
10800 Pulaski Highway
White Marsh, MD 21162
$3.57 per gallon
Carroll Motor Fuels
910 Philadelphia Road & S. Mountain Road
Joppa, MD 21085
Photo by Ingo Joseph from Pexels
