NOTTINGHAM, MD—For the second straight week, the nation’s average gas price has seen a decline, dropping 7.3 cents from a week ago to $3.37 per gallon this week, 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 10.9 cents from a month ago and 10.2 cents per gallon lower than a year ago. The national average price of diesel has fallen 7.3 cents in the last week and stands at $4.52 per gallon.
“For a second straight week, the national average price of gasoline has declined, alongside the price of diesel which has fallen to its lowest level in nearly a year,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“While diesel prices likely have a long way to fall as inventories continue to improve, gasoline prices in some areas have gone up in the last weeks as the transition to summer gasoline is just around the corner,” De Haan added. “In addition, GasBuddy data shows that gasoline demand has risen for the third straight week, a trend that will likely continue as we gradually see temperatures warm and the heart of winter moves to the rear view. Also, refinery maintenance season will soon be in full force, likely putting upward pressure on prices. On average, gasoline prices rise between 35 and 85 cents per gallon between March and Memorial Day, so motorists seeing prices fall should enjoy the declines while they last.”
The most common U.S. gas price encountered by motorists stood at $3.29 per gallon, down 10 cents from last week, followed by $3.19, $3.39, $3.09, and $2.99 rounding out the top five most common prices. The median U.S. gas price is $3.27 per gallon, down 8 cents from last week and about 10 cents lower than the national average. The top 10% of stations in the country average $4.39 per gallon, while the bottom 10% average $2.86 per gallon. The states with the lowest average prices: Texas ($2.95), Oklahoma ($3.00), and Mississippi ($3.03). The states with the highest average prices: Hawaii ($4.82), California ($4.56), and Washington ($4.01).
See previous gas price reports here
In the NottinghamMD.com coverage area, the cheapest gas this week could be found at the following locations:
[EDITOR’S NOTE: No Nottingham-area gas stations were included in this week’s report from GasBuddy.]
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