Business, Sci-Tech

Gas price decline hits 13 straight weeks

NOTTINGHAM, MD—For the thirteenth consecutive week, the nation’s average gas price has fallen, declining 7.6 cents from a week ago to $3.67 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 26.9 cents from a month ago but 52.3 cents higher than a year ago. The national average price of diesel has declined 5.5 cents in the last week and stands at $5.01 per gallon.

“We continue to see the national average price of gasoline decline, now for the thirteenth straight week. But, we’re seeing drastically different price behaviors from coast to coast, with some areas seeing noticeable increases while others are seeing decreases,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Refinery issues in California are leading to increases in areas supplied by the state’s refineries, including areas of Arizona, Nevada, Oregon, Washington and of course, California. Gasoline supply remains tight for the East Coast with some modest moves up, while prices continue to edge lower in the Plains, South and areas of the Great Lakes. For now, I believe the drop in prices will overpower the increases, leading to potentially another decline this week, but we’re in a very fragile time and certainly could see a broader move higher in the weeks ahead.”

The most common U.S. gas price encountered by motorists stood at $3.39 per gallon, 10 cents lower than last week, followed by $3.49, $3.29, $3.59 and $3.69 rounding out the top five most common prices. The median U.S. gas price is $3.49 per gallon, down 10 cents from last week and about 16 cents lower than the national average. The top 10% of stations in the country average $5.18 per gallon, while the bottom 10% average $2.97 per gallon. The states with the lowest average prices: Texas ($3.10), Arkansas ($3.12) and Mississippi ($3.13). The states with the highest average prices: California ($5.31), Hawaii ($5.23) and Nevada ($4.84).

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:

$3.23 per gallon
Carroll Motor Fuels
910 Philadelphia Road
Joppa, MD 21085

$3.27 per gallon
High’s Dairy Store
9414 Scott Moore Way
Perry Hall, MD 21128

$3.27 per gallon
7-Eleven
602 Pulaski Highway
Joppa, MD 21085

Photo via Pixabay

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