BALTIMORE, MD—The national average price of gasoline has fallen for the fourth consecutive week, reaching its lowest point since May 2021, according to GasBuddy. The average price per gallon dropped 2.2 cents to $3.03, which is 16.7 cents lower than last month and 32.3 cents lower than a year ago. This decline is attributed to seasonal demand weakening as temperatures drop across the nation. The national average diesel price dropped 0.4 cents in the past week to $3.52 per gallon.

“While some may be surprised by the declines–some 28 states have average gas prices below $3 per gallon–this was anticipated in our annual Fuel Outlook from last December,” said Patrick De Haan, head of petroleum analysis at GasBuddy. De Haan added that it’s just a matter of time before the national average falls below $3 per gallon, which would be the first time since May 2021. Diesel prices have already fallen below this mark.

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $3.09, $2.79, and $3.19 rounding out the top five most common prices.

The median U.S. gas price is $2.91 per gallon, down 5 cents from last week and about 12 cents lower than the national average.

The top 10% of stations in the country average $4.17 per gallon, while the bottom 10% average $2.47 per gallon.

The states with the lowest average prices: Oklahoma ($2.50), Texas ($2.60), Mississippi ($2.65).

The states with the highest average prices: Hawaii ($4.51), California ($4.44), and Washington ($3.92).

See previous gas price reports here

In and around the Nottingham area, the cheapest gas this week could be found at these locations…

• Bowleys Quarters
• Carney
• Edgewood
• Essex
• Fallston
• Joppa
• Kingsville
• Middle River
• Nottingham
• Overlea/Fullerton
• Parkville
• Perry Hall
• Rosedale
• Rossville
• Towson
• White Marsh

Photo via Pixabay

This article was written with the assistance of AI and reviewed by a human editor.