NOTTINGHAM, MD—For the fifth consecutive week, the nation’s average gas price has fallen, declining 15.8 cents from a week ago to $4.51 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 47.9 cents from a month ago and $1.35 per gallon higher than a year ago. The national average price of diesel has declined 10.8 cents in the last week and stands at $5.54 per gallon.
“We’ve seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we’ve seen in years. This trend is likely to reach a sixth straight week, with prices likely to fall again this week. Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99/gal by mid-August,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “So far, we’ve seen the national average drop for 34 straight days, with over 25,000 stations now back at $3.99 per gallon or less, and thousands more stations will join this week. In addition, we will see several states fall back under an average of $4, the majority being in the south, but that could spread to more states in the weeks ahead.”
The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, down 30 cents from last week, followed by $4.19, $4.39, $4.29, and $4.49 rounding out the top five most common prices. The median U.S. price is $4.39 per gallon, down 16 cents from last week and about 12 cents lower than the national average.
The top 10% of stations in the country average $5.71/gal, while the bottom 10% average $3.82/gal. The states with the lowest average prices: South Carolina ($3.99), Texas ($4.01), and Mississippi ($4.02). The states with the highest prices: California ($5.89), Hawaii ($5.52), and Alaska ($5.36).
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:
$4.22 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
$4.32 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$4.24 per gallon
BJ’s
4201 Wholesale Club Drive
Nottingham, MD 21236
$4.25 per gallon
Carroll Motor Fuels
9525 Pulaski Highway
Middle River, MD 21220
Photo via Pixabay
