BALTIMORE, MD—For the fourth consecutive week, the nation’s average price of gasoline has dropped, falling 11.3 cents from a week ago to $3.55 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 29.9 cents from a month ago and 30.9 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.8 cents in the last week and stands at $4.48 per gallon, 55.2 cents lower than one year ago.
“The downward momentum has indeed gained steam, with the national average declining over the last week with again virtually every village, town, city, region, and state seeing gasoline prices fall—with the added bonus that diesel prices have also declined,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the price of oil jumped some 5% last week, I remain steadfast that additional declines are coming to gasoline prices the way the situation stands now but remain cautious that this depends on actions that are not foreseeable, mainly the conflict in the Middle East.”
“For now, the national average is likely to soon fall to its lowest level in six months,” DeHaan added. “Some areas of the Great Lakes could see a price cycle in the next few weeks, which is typical after long declines as stations often pass along the drops there faster than anywhere else. I believe the national average still has some 15-35 cents of declining to do the way things stand now.”
The most common U.S. diesel price stood at $4.29 per gallon, unchanged from last week, followed by $4.19, $4.39, $3.99, and $4.09 rounding out the top five most common prices. The median U.S. diesel price is $4.27 per gallon, down 2 cents from last week and about 21 cents lower than the national average for diesel. Diesel prices at the top 10% of stations in the country average $5.82 per gallon, while the bottom 10% average $3.80 per gallon. The states with the lowest average diesel prices: Texas ($3.94), Mississippi ($4.02), and Louisiana ($4.07). The states with the highest average diesel prices: California ($6.29), Hawaii ($5.70), and Washington ($5.54).
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
