BALTIMORE, MD—The national average gas price in the U.S. has slightly increased after falling earlier this week, remaining just below its level from a week ago at $3.13 per gallon, according to GasBuddy.
This price is still 3.1 cents higher than last month but a significant 43.0 cents lower than a year ago. Diesel prices have also decreased by 3.2 cents in the last week, reaching $3.476 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, commented, “While the national average didn’t fall quite as far as anticipated for Memorial Day, it was still one of the most affordable since 2021 — and, when adjusted for inflation, among the cheapest in nearly a decade.”
De Haan also anticipates a relatively stable period for gas prices as refinery maintenance concludes. He predicts the national average will likely stay between $3.30 and $3 per gallon.
However, he acknowledged potential influences on prices in the coming weeks, including the upcoming hurricane season and the outcome of OPEC+’s meeting this week, where the organization will decide on a potential oil production increase for July.
Oil prices remained in the low $60 per barrel range on Tuesday morning, with WTI crude at $60.95 and Brent crude at $64.20. While OPEC+ might consider raising production, the possibility of President Trump imposing sanctions on Russia due to the escalating attacks in Ukraine could also impact oil markets.
The EIA’s Weekly Petroleum Status Report for the week of May 16, 2025, showed U.S. oil inventories rising 1.3 million barrels, 6% below the seasonal average, while the SPR increased 800,000 barrels to 400.5 million.
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
This article was written with the assistance of AI and reviewed by a human editor.
Photo via Pixabay
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