BALTIMORE, MD—The nation’s average price of gasoline has climbed 3.4 cents in the last week to $3.53 per gallon, 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 price of diesel has risen 0.1 cents in the last week and stands at $3.80 per gallon.
“With oil prices rising to $75 per barrel last week, the highest level in months, the national average price of gasoline saw similar upward pressure, with a little over half of the nation’s states seeing gas prices rise last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“While the price increases could continue into this week, I would expect them to be fairly mild, with the national average likely staying in the $3.50-$3.60 range that we’ve been stuck in since April for the coming week and likely into next week as well,” De Haan added. “Economic data has been playing a larger than typical role in putting pressure on gas prices, with OPEC production cuts also a major factor.”
The most common U.S. gas price encountered by motorists stood at $3.29 per gallon, unchanged from last week, followed by $3.49, $3.19, $3.39, and $3.09 rounding out the top five most common prices. The median U.S. gas price is $3.39 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.79 per gallon, while the bottom 10% average $2.92 per gallon. The states with the lowest average prices: Mississippi ($2.99), Tennessee ($3.08), and Alabama ($3.10). The states with the highest average prices: Washington ($4.88), California ($4.87), and Hawaii ($4.66).
See previous gas price reports here
In the Baltimore metro area, the cheapest gas this week could be found at the following locations:
Photo via Pixabay
