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Gas prices inch higher again, gasoline supply at lowest level since 2015

BALTIMORE, MD—The nation’s average price of gasoline has risen 2.1 cents in the last week to $3.55 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 2.7 cents in the last week and stands at $3.83 per gallon.

“For the second straight week, we saw another small rise in the national average, which has been stuck in the same 10-cent range we’re in today since April. It’s been a remarkably quiet summer for gas prices, which have been far less active than normal,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“However, with tremendous heat gripping much of the country, I remain concerned about the fuel that such high temperatures will provide for tropical systems that venture into the Atlantic and Caribbean,” De Haan added. “For now, I don’t expect much change in the toss-up that has been gas prices for weeks on end. But, with gasoline demand now hitting its summer high, there remain some risks that could disturb gas prices in a significant way before summer’s end.”

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 16 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 ($3.05), Tennessee ($3.16), and Louisiana ($3.18).

The states with the highest average prices: Washington ($4.86), California ($4.84), and Hawaii ($4.65).

See previous gas price reports here

In the Baltimore metro area, the cheapest gas this week could be found at the following locations:

Lowest Baltimore Gas Prices 20230724

Photo via Pixabay

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