Posted on 05/13/24
| News Source: FOX45
Baltimore, MD - May 13, 2024 - Gas prices in Baltimore dropped 10.4 cents per gallon in the past week, averaging $3.54 per gallon, according to GasBuddy's new survey.
Prices in Baltimore are 15.3 cents per gallon lower than a month ago and stand 14.5 cents per gallon higher than a year ago.
The national average price of diesel has fallen 4.6 cents in the last week and stands at $3.90 per gallon.
"While pump prices haven't exactly plummeted, we've seen the average price of gasoline drop in a majority of states over the last week as refineries finish maintenance and ramp up output of products like gasoline," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With gas prices now nearing a 10-cent drop to the high we saw a few weeks ago, the future looks good as we get closer to Memorial Day; price drops could potentially accelerate after last week's jobs data shows the economy continues to cool off. While gas prices stand slightly above where they were last year, I expect most Americans will see prices fall before the holiday weekend, and I'm optimistic the trend could extend into June and beyond. I'm excited to say it does appear that for now, the worst is behind us."
According to GasBuddy price reports, the cheapest station in Baltimore was priced at $3.16 a gallon yesterday while the most expensive was $4.47 per gallon.
The lowest price in the state yesterday was $3.16 per gallon while the highest was $4.69 per gallon.
The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $3.58 a gallon today.
The national average is down 3.7 cents per gallon from a month ago and stands 6.1 cents per gallon higher than a year ago, according to GasBuddy.