BALTIMORE, MD—The nation’s average price of gasoline has declined, falling 4.0 cents from a week ago to $3.78 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 5.8 cents from a month ago but 3.5 cents per gallon lower than a year ago. The national average price of diesel has risen 3.3 cents in the last week and stands at $4.333 per gallon, 70.7 cents lower than one year ago.
“The national average price of gasoline has fallen over the last week as the wholesale price of gasoline has been under seasonal pressure as we near the end of the summer driving season. However, the drop may be short-lived, as one of the nation’s largest refineries partially shut last week after a fire at a storage tank, and as we see more tropical activity that could lead to further disruption,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“While GasBuddy is closely monitoring Florida for challenges related to Idalia and is prepared to activate the fuel availability tracker, the rest of the nation could see gas price declines reversing pending the outcome of refinery issues that continue to put upward pressure on wholesale gasoline prices,” De Haan added.
The most common U.S. gas price encountered by motorists stood at $3.59 per gallon, down 10 cents from last week, followed by $3.49, $3.69, $3.39, and $3.79 rounding out the top five most common prices. The median U.S. gas price is $3.63 per gallon, down 6 cents from last week and about 15 cents lower than the national average. The top 10% of stations in the country average $5.13 per gallon, while the bottom 10% average $3.21 per gallon. The states with the lowest average prices: Mississippi ($3.26), Louisiana ($3.34), and South Carolina ($3.36). The states with the highest average prices: California ($5.24), Washington ($5.05), and Hawaii ($4.73).
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
