NOTTINGHAM, MD—For the eighth consecutive week, the nation’s average gas price has fallen, declining 15.8 cents from a week ago to $4.01 per gallon on Monday, according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 stations nationwide.
The national average is down 68.7 cents from a month ago but 83.6 cents higher than a year ago. The national average price of diesel has fallen 13.1 cents in the last week and stands at $5.14 per gallon.
“The national average is poised to fall back under $4 per gallon as early as today as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel continues to decline as well, and will likely soon fall under $5 per gallon. We’ve even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa. The groundwork is laid for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average. While I’m upbeat the drop can continue for another couple weeks, we’re starting to see some activity in the tropics, which may increase risk of potential disruption.”
The most common U.S. gas price encountered by motorists stood at $3.69 per gallon, down 30 cents from last week, followed by $3.99, $3.79, $3.59 and $3.89 rounding out the top five most common prices. The median U.S. gas price is $3.87 per gallon, down 12 cents from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $5.26 per gallon, while the bottom 10% average $3.32 per gallon. The states with the lowest average prices: Texas ($3.51), Oklahoma ($3.54) and South Carolina ($3.56). The states with the highest average prices: California ($5.39), Hawaii ($5.32) and Alaska ($4.97).
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:
$3.75 per gallon
Carroll Motor Fuels
910 Philadelphia Road
Joppa, MD 21085
$3.78 per gallon
BJ’s
4201 Wholesale Club Drive
Nottingham, MD 21236
$3.78 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
$3.79 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.79 per gallon
Carroll Motor Fuels
9525 Pulaski Highway
Middle River, MD 21220
Photo via Pixabay
