NOTTINGHAM, MD—For the eleventh straight week, the nation’s average gas price has fallen, declining 5.0 cents from a week ago to $3.81 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 39.8 cents from a month ago but 69.1 cents higher than a year ago. The national average price of diesel has risen 7.3 cents in the last week and stands at $5.04 per gallon.
“The national average has declined for another week, extending the slide for the eleventh straight week. Gas prices are now $1.20 per gallon lower than mid-June with Americans spending $450 million less on gasoline every day as a result,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Some issues have developed that we’re keeping a close eye on, including the shut down of the largest refinery in the Midwest. While that refinery may get back online sooner rather than later, it’s not impossible that down the road the situation could impact prices in the region. For the rest of the country, however, we’ll continue to see prices moderate. This is of course subject to hurricane season, and it does appear that the tropics are starting to see some activity, so there’s no guarantee the decline will continue.”
The most common U.S. gas price encountered by motorists stood at $3.59 per gallon, unchanged from last week, followed by $3.49, $3.69, $3.39 and $3.79 rounding out the top five most common prices. The median U.S. gas price is $3.65 per gallon, down 12 cents from last week and about 16 cents lower than the national average. The top 10% of stations in the country average $5.14 per gallon, while the bottom 10% average $3.17 per gallon. The states with the lowest average prices: Arkansas ($3.32), Mississippi ($3.34) and Texas ($3.34). The states with the highest average prices: Hawaii ($5.26), California ($5.22) and Nevada ($4.85).
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:
$3.55 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.55 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD 21237
$3.57 per gallon
High’s Dairy Store
9414 Scott Moore Way
Perry Hall, MD 21128
Photo via Pixabay
