BALTIMORE, MD—For the first time since February, the nation’s average price of gasoline has seen a weekly drop, falling 1.9 cents from a week ago to $3.63 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 up 8.4 cents from a month ago and 4.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 2.9 cents in the last week and stands at $3.98 per gallon—13 cents lower than one year ago.
“With more confidence every day, it appears the spring top is in: average gas prices have started to cool off in many areas. For now, few Americans need to worry that gas prices are going to skyrocket; the risk appears to be behind us, with relief coming in the weeks ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the latter half of the summer could potentially see hurricane-related issues, I do sense we’ve hit the top for now, and Americans should be optimistic that this summer will be very similar to last year, in line with our early 2024 expectations and likely not featuring record gasoline prices. I’m quite excited the seasonal rise in gas prices appears to be over.”
The most common U.S. gas price encountered by motorists stood at $3.59 per gallon, unchanged from last week, followed by $3.39, $3.29, $3.49, and $3.69 rounding out the top five most common prices.
The median U.S. gas price is $3.49 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $5.11 per gallon, while the bottom 10% average $3.00 per gallon. The states with the lowest average prices: Mississippi ($3.03), Oklahoma ($3.06), Colorado ($3.07).
The states with the highest average prices: California ($5.35), Hawaii ($4.79), and Washington ($4.64).
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
