NOTTINGHAM, MD—For the sixth straight week, the nation’s average gas price has dropped, falling 17.4 cents from a week ago to $4.33 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 56.7 cents from a month ago and $1.19 per gallon higher than a year ago. The national average price of diesel has declined 13.0 cents in the last week and stands at $5.41 per gallon.
“Gas prices continue falling coast to coast, with the national average last week declining for the sixth straight week, or 40 days in a row. The national average is now down an astounding 70 cents in that timeframe,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I have no reason yet to expect the decline won’t reach seven straight weeks, as gas stations still have plenty of room to decline as oil prices remain under $100 per barrel. However, should the tropics become more active, the decline could eventually reverse. In addition, this week we’ll see GDP data for the second quarter, and if it’s better than expected, we may see oil rally, slowing the descent. For now, nine states are seeing average prices under $4 per gallon, a number that will rise this week, with over 40,000 stations under that level, keeping $266 million per day in motorists’ wallets versus mid-June.”
The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, unchanged from last week, followed by $4.19, $3.89, $4.09, and $4.49 rounding out the top five most common prices. The median U.S. price is $4.19 per gallon, down 20 cents from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $5.55/gal, while the bottom 10% average $3.63/gal. The states with the lowest average prices: Texas ($3.82), South Carolina ($3.83), and Mississippi ($3.87). The states with the highest prices: California ($5.71), Hawaii ($5.45), and Oregon ($5.17).
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:
$3.98 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
$3.99 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.99 per gallon
BJ’s
4201 Wholesale Club Drive
Nottingham, MD 21236
$4.03 per gallon
Carroll Motor Fuels
910 Philadelphia Road
Joppa, MD 21085
Photo via Pixabay
