NOTTINGHAM, MD—For the twelfth consecutive week, the nation’s average gas price has fallen, declining 7.7 cents from a week ago to $3.75 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 29.5 cents from a month ago but 57.6 cents higher than a year ago. The national average price of diesel has declined 2.0 cents in the last week and stands at $5.02 per gallon.
“The national average has declined for 12 straight weeks, the longest tally since 2018, and it could soon eclipse that mark if we see two more weeks of decline. Though, that may be more challenging given OPEC’s decision yesterday to cut oil production,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, price movements will be contingent on where you are, with California seeing some minor increases, while the Great Lakes could see an upward move as BP’s refinery outage has had an impact on supplies. In the Gulf and Rockies, prices may continue to fall, so a very mixed bag for motorists in the week ahead. In addition, there are several disturbances in the Atlantic to keep an eye on, but we do switch back to cheaper winter gasoline in just over a week which should provide some additional relief.”
The most common U.S. gas price encountered by motorists stood at $3.49 per gallon, 10 cents lower than last week, followed by $3.59, $3.39, $3.99 and $3.69 rounding out the top five most common prices. The median U.S. gas price is $3.59 per gallon, down 6 cents from last week and about 16 cents lower than the national average. The top 10% of stations in the country average $5.13 per gallon, while the bottom 10% average $3.07 per gallon. The states with the lowest average prices: Texas ($3.22), Arkansas ($3.22) and Mississippi ($3.25). The states with the highest average prices: Hawaii ($5.21), California ($5.21) and Nevada ($4.81).
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:
No Nottingham-area gas stations were included in this week’s GasBuddy report.
Photo via Pixabay
