NOTTINGHAM, MD—For the third straight week, the nation’s average gas price has climbed, rising 13.8 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 gas stations across the country.
The national average is up 22.5 cents from a month ago and 67.0 cents per gallon higher than a year ago. The national average price of diesel has risen 18.0 cents in the last week and stands at $5.04 per gallon.
“With OPEC+ deciding to cut oil production by two million barrels a day, we’ve seen oil prices surge 20%, which is the primary factor in the national average rising for the third straight week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Some of the refinery snags that have caused prices to surge in the West and Great Lakes appear to be improving, with prices in those two regions likely to inch down, even with OPEC’s decision, as the drop in wholesale prices has offset the rise due to the production cut. But where gas prices didn’t jump because of refinery issues, they will rise a total of 10-30 cents due to oil’s rise, and some areas are certainly seeing the jump already. For now, I don’t expect much improvement in prices for most of the country, with California and the Great Lakes as the exception, with downdrafts likely in the days and weeks ahead.”
The most common U.S. gas price encountered by motorists stood at $3.29 per gallon, unchanged versus last week, followed by $3.49, $3.39, $3.19 and $3.59 rounding out the top five most common prices. The median U.S. gas price is $3.59 per gallon, up 10 cents from last week and about 33 cents lower than the national average. The top 10% of stations in the country average $6.12 per gallon, while the bottom 10% average $3.12 per gallon. The states with the lowest average prices: Georgia ($3.21), Mississippi ($3.25) and Texas ($3.25). The states with the highest average prices: California ($6.31), Alaska ($5.53) and Oregon ($5.50).
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:
$3.33 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220
$3.33 per gallon
Sam’s Club
6410 Petrie Way Rd.
Rosedale, MD 21237
$3.33 per gallon
BJ’s
4201 Wholesale Club Drive
Nottingham, MD 21236
Photo via Pixabay
