NOTTINGHAM, MD—For the 14th consecutive week, the nation’s average gas price has fallen, declining 3.9 cents from a week ago to $3.64 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 25.7 cents from a month ago but 45.9 cents higher than a year ago. The national average price of diesel has declined 7.0 cents in the last week and stands at $4.93 per gallon.
“With a 14th consecutive weekly decline, the national average price of gasoline has now surpassed 2018’s record decline, seeing its longest downward streak since 2015,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While some states continue to see gas prices trend higher, the majority have continued to decline. However, this week could change the downward trend. With some issues arising in Plains and Great Lakes states as the transition to winter gasoline begins, I think we have the best potential to see the weekly trend of falling prices snapped. West Coast states also continue to see increases as unexpected refinery issues continue to percolate, preventing a downward move. While gasoline could nudge higher, diesel prices should continue to ease after a much-needed jump in inventories last week.”
The most common U.S. gas price encountered by motorists stood at $3.39 per gallon, unchanged versus last week, followed by $3.29, $3.19, $3.49 and $3.59 rounding out the top five most common prices. The median U.S. gas price is $3.44 per gallon, down 5 cents from last week and about 20 cents lower than the national average. The top 10% of stations in the country average $5.22 per gallon, while the bottom 10% average $2.98 per gallon. The states with the lowest average prices: Mississippi ($3.07), Louisiana ($3.09) and Georgia ($3.13). The states with the highest average prices: California ($5.38), Hawaii ($5.22) and Nevada ($4.87).
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:
$3.24 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.24 per gallon
Sam’s Club
6410 Petrie Way Rd.
Rosedale, MD 21237
$3.24 per gallon
BJ’s
4201 Wholesale Club Drive
Nottingham, MD 21236
Photo via Pixabay
