BALTIMORE, MD—For the second straight week, the nation’s average price of gasoline has declined, falling 1.2 cents from a week ago to $3.77 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 down 4.4 cents from a month ago but 2.1 cents per gallon higher than a year ago. The national average price of diesel has risen 9.6 cents in the last week and stands at $4.435 per gallon, 61.6 cents lower than one year ago.
“The national average fell to its lowest level since July ahead of Labor Day, even as oil prices rose last week to the highest level since last November,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, Hurricane Idalia steered well clear of significant energy infrastructure, leading to zero impact on gas prices.”
“With the switch back to winter gasoline less than two weeks away, we could eventually see more downward pressure on gas prices,” De Haan added. “However, any disturbances that threaten the Gulf could delay any decline between now and then, creating a bit of a bumpy ride for the next week or two before more relief arrives toward late September.”
The most common U.S. gas price encountered by motorists stood at $3.59 per gallon, unchanged 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 $3.59 per gallon, down 4 cents from last week and about 18 cents lower than the national average. The top 10% of stations in the country average $5.16 per gallon, while the bottom 10% average $3.21 per gallon. The states with the lowest average prices: Mississippi ($3.26), Louisiana ($3.32), and Texas ($3.35). The states with the highest average prices: California ($5.29), Washington ($5.06), and Hawaii ($4.76).
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
