Business, Sci-Tech

Nationwide gas prices continue to spike, only three states under $4

NOTTINGHAM, MD—For the fourth straight week, the nation’s average gas price has gone up, rising 15.3 cents from a week ago to $4.46 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 39.1 cents from a month ago and $1.43 per gallon higher than a year ago. The national average price of diesel has risen 3.0 cents in the last week and stands at $5.55 per gallon.

“Those filling their tanks last week saw another jolt at the pump, as both gasoline and diesel prices continued their multi-week rally,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “New records continued to be set on a near daily basis as the national average edges even closer to $4.50 per gallon. Prices later this week could be closer to $5 per gallon than $4, as demand continues to edge higher and inventories of both gasoline and diesel continue to decline, temperatures warm and motorists get back outside and we near the Memorial Day weekend, the start of the summer driving season. While the increases may start to slow in the days ahead as pump prices catch up to oil, there isn’t much reason to be optimistic that we’ll see a plunge any time soon.”

The most common U.S. gas price encountered by motorists stood at $4.19 per gallon, up 20 cents from last week, followed by $4.49, $4.09, $4.29, and $3.99 rounding out the five most common prices. The median U.S. price is $4.29 per gallon, up 19 cents from last week and about 17 cents lower than the national average. The top 10% of stations in the country average $4.81/gal, while the bottom 10% average $3.91/gal. The states with the lowest average prices: Georgia ($3.98), Kansas ($3.98), and Oklahoma ($3.98). The states with the highest prices: California ($5.95), Hawaii ($5.27), and Nevada ($5.15).

See previous gas price reports here

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

$4.09 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237

$4.14 per gallon
9919 Pulaski Highway
Middle River, MD 21220

$4.25 per gallon
BJ’s Wholesale Club
4201 Wholesale Club Drive
Nottingham, MD 21236

Photo by Ingo Joseph from Pexels

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