BALTIMORE, MD—The average price of gasoline in the U.S. has increased for the second consecutive week, rising to $3.11 per gallon, though a recent move by OPEC+ could soon reverse the trend, according to data from GasBuddy.
The national average is up 1.2 cents from a week ago and 1.3 cents from a month ago, but remains 32.8 cents lower than this time last year. The average price for diesel has slightly decreased by 0.1 cents to $3.708 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, said the modest increase could be short-lived.
“With OPEC+ now fully restoring production to 2023 levels — and fresh economic concerns arising from a weak jobs report and renewed tariff threats — oil prices may continue to face headwinds, potentially paving the way for a decline in gas prices in the weeks ahead,” De Haan said in a statement.
OPEC+, a group of oil-producing nations, announced over the weekend that it would increase oil production by 547,000 barrels per day starting in September. This move effectively ends the production cuts enacted in 2023. In early trading Monday, the price of WTI crude oil was down to $65.72 per barrel, and Brent crude oil was at $68.22 per barrel.
The most common price for a gallon of gas nationwide is $2.99, unchanged from last week. The median price is also $2.99.
States with the lowest average prices include Oklahoma and Mississippi, both at $2.67 per gallon, and Texas at $2.72. The states with the highest prices are California at $4.45, Hawaii at $4.43 and Washington at $4.35.
Major weekly price changes were seen in Indiana, where prices rose 18.9 cents, and Florida, which saw a 12.7 cent decrease.
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
