NOTTINGHAM, MD—For the ninth consecutive week, the nation’s average gas price has fallen, declining 9.9 cents from a week ago to $3.92 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 63.7 cents from a month ago but 74.8 cents higher than a year ago. The national average price of diesel has fallen 11.0 cents in the last week and stands at $5.03 per gallon.
“For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better than expected jobs report last week likely means less demand destruction than anticipated.”
The most common U.S. gas price encountered by motorists stood at $3.59 per gallon, down 10 cents from last week, followed by $3.49, $3.69, $3.99 and $3.79 rounding out the top five most common prices. The median U.S. gas price is $3.77 per gallon, down 10 cents from last week and about 12 cents lower than the national average. The top 10% of stations in the country average $5.23 per gallon, while the bottom 10% average $3.23 per gallon. The states with the lowest average prices: Texas ($3.42), Oklahoma ($3.43) and Arkansas ($3.44). The states with the highest average prices: Hawaii ($5.31), California ($5.31) and Nevada ($4.92).
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:
$3.59 per gallon
BJ’s Wholesale Club
4201 Wholesale Club Drive
Nottingham, MD 21236
$3.59 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
Photo via Pixabay
