BALTIMORE, MD—For the first time in three weeks, the national average price of gasoline has risen, increasing 2.0 cents over the past week to $3.11 per gallon, according to GasBuddy data compiled from more than 12 million individual price reports. Diesel prices also saw an uptick, climbing 3.2 cents to $3.676 per gallon.
Despite the recent increase, the national average for gasoline remains down 0.5 cents from a month ago and is 37.9 cents per gallon lower than a year ago.
“With oil prices posting a modest uptick last week, the national average price of gasoline also inched slightly higher, with just over half of U.S. states seeing increases, while nearly two dozen saw declines,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
De Haan noted that as the summer driving season nears its midpoint, gasoline inventories are slightly below average, while diesel inventories are “considerably tighter,” contributing to upward pressure on diesel prices. He anticipates the national average for gasoline will largely remain “rangebound in the low-$3 per gallon area” throughout much of the summer, absent any major market developments.
Oil Prices Remain Supported
Oil prices have continued to hold near recent highs. On Monday, a barrel of West Texas Intermediate (WTI) crude was up 74 cents to $69.19, an increase from $67.02 last Monday. Brent crude oil also saw gains, trading up 66 cents to $71.02 per barrel, up more than $2 from $68.76 last Monday.
OPEC has continued to boost supply, citing market tightness, and markets largely dismissed concerns over potential new tariffs from President Donald Trump.
“While we have seen oil inventories rising, those builds were primarily in China, while inventories in OECD countries remain low,” said UBS commodities analyst Giovanni Staunovo in an email. “Despite the addition of OPEC barrels, the oil market remains tight, keeping prices supported.”
Supply Overview
The Energy Information Administration’s (EIA) Weekly Petroleum Status Report for the week ending July 4, 2025, showed U.S. oil inventories rose by 7.1 million barrels but remain about 8% below the seasonal average for this time of year. The Strategic Petroleum Reserve (SPR) increased by 200,000 barrels to 403.0 million.
Gasoline inventories fell by 2.7 million barrels and are 1% below the five-year seasonal average. Distillate inventories, which include diesel, dropped 0.8 million barrels and are about 23% below the five-year seasonal average. Refinery utilization dipped 0.2 percentage points to 94.7%, while implied gasoline demand rose 519,000 barrels per day to 9.159 million barrels per day.
Price Trends Across the Nation
The most common U.S. gas price encountered by motorists remained at $2.99 per gallon, unchanged from last week. This was followed by $2.89, $2.79, $3.09 and $3.19. The median U.S. gas price stood at $2.98 per gallon, down 1 cent from last week.
States with the lowest average gasoline prices include Mississippi ($2.68), Oklahoma ($2.70) and Texas ($2.74). The highest average prices were found in California ($4.47), Hawaii ($4.46) and Washington ($4.34).
Significant weekly changes in gasoline prices included increases in Michigan (+15.3 cents) and Ohio (+13.0 cents), while Florida saw a notable decline (-12.5 cents).
For diesel, the most common price was $3.79 per gallon, up 30 cents from last week. The median U.S. diesel price was $3.59 per gallon, up 4 cents from last week.
The states with the lowest average diesel prices were Texas ($3.16), Mississippi ($3.27) and Colorado ($3.27). The highest average diesel prices were observed in Hawaii ($5.27), California ($5.14) and Washington ($4.96).
Weekly changes in diesel prices were led by increases in Ohio (+13.6 cents) and Michigan (+9.3 cents).
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
