BALTIMORE, MD—For the seventh straight week, the nation’s average price of gasoline has dropped, falling 7.0 cents from a week ago to $3.38 per gallon this week according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.
The national average is down 32.8 cents from a month ago and 40.6 cents per gallon lower than a year ago. The national average price of diesel has fallen 6.6 cents in the last week and stands at $4.38 per gallon—93 cents lower than one year ago.
“For the seventh straight week, we’ve seen the national average price of gasoline decline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With cooler weather comes cooler gasoline prices, and as we inch closer to the Thanksgiving holiday, prices will continue to fall virtually coast to coast. Eight states are now seeing average gas prices below $3 per gallon.”
“While the national average is now at its lowest since March, the decline is likely to continue for at least another couple of weeks, with California likely soon falling below $5, while more states fall under $3,” De Haan added. “Millions of Americans already have access to $2.99/gal or cheaper, and I expect that number to continue to grow this week.”
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, down 20 cents from last week, followed by $3.19, $3.29, $3.09, and $3.49 rounding out the top five most common prices. The median U.S. gas price is $3.19 per gallon, down 6 cents from last week and about 19 cents lower than the national average. The top 10% of stations in the country average $4.93 per gallon, while the bottom 10% average $2.70 per gallon. The states with the lowest average prices: Georgia ($2.93), Texas ($2.94), and Mississippi ($2.94). The states with the highest average prices: California ($5.12), Hawaii ($4.71), and Washington ($4.55).
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
