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Gas prices fall for 8th straight week, 11 states below $3.00

BALTIMORE, MD—For the eighth straight week, the nation’s average price of gasoline has declined, falling 4.6 cents from a week ago to $3.33 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 24.8 cents from a month ago and 42.6 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.2 cents in the last week and stands at $4.34 per gallon— $1.01 lower than one year ago.

“As motorists turn their attention to Thanksgiving, they certainly can be thankful for the decline in gasoline prices, which has now reached eight straight weeks,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy counts 11 states where average prices are below $3 per gallon, with several more to join this week.”

“Even in California, the nation’s most expensive gasoline average will fall below $5 in the next 48 hours,” De Haan added. “Gasoline demand has struggled in recent weeks, falling not only due to the seasonal nature, as Americans drive less as the weather gets colder, but it appears there may be some economic headwinds entering the equation as well.”

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $3.19, $3.29, $3.09, and $2.89 rounding out the top five most common prices. The median U.S. gas price is $3.19 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.86 per gallon, while the bottom 10% average $2.64 per gallon. The states with the lowest average prices: Texas ($2.76), Mississippi ($2.80), and Georgia ($2.83). The states with the highest average prices: California ($5.03), Hawaii ($4.69), and Washington ($4.44).

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 20231113

Photo via Pixabay

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