Posted on 08/12/24
| News Source: FOX45
Baltimore, MD - Aug. 12, 2024 - Average gasoline prices in Baltimore have risen 9.4 cents per gallon in the last week, averaging $3.44/g today, according to GasBuddy's survey of 663 stations in Baltimore.
Current price:Prices in Baltimore are 17.7 cents per gallon lower than a month ago and stand 32.8 cents per gallon lower than a year ago. The national average price of diesel has declined 3.4 cents in the last week and stands at $3.72 per gallon- the lowest level since January, 2022, over 900 days ago.
Current price:According to GasBuddy price reports, the cheapest station in Baltimore was priced at $3.13/g yesterday while the most expensive was $3.99/g, a difference of 86.0 cents per gallon. The lowest price in the state yesterday was $3.13/g while the highest was $4.39/g, a difference of $1.26/g.
Current price:The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $3.41/g today. The national average is down 11.6 cents per gallon from a month ago and stands 42.5 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Neighboring areas and their current gas prices:
Current price:Maryland- $3.45/g, up 7.1 cents per gallon from last week's $3.38/g.
Current price:Washington DC- $3.67/g, up 8.7 cents per gallon from last week's $3.58/g.
Current price:York- $3.67/g, up 1.6 cents per gallon from last week's $3.65/g.
"As summer driving season comes to a gradual close, we continue to see gasoline prices declining in most of the country as demand remains muted. Incredibly, the drop has also caused diesel fuel prices to crumble to their lowest level since before Russia's invasion of Ukraine," said Patrick De Haan, head of petroleum analysis at GasBuddy.
As long as we can avoid a major hurricane threatening refineries in the Gulf region, I believe we could see declines continue into this week, with the national average potentially dipping to its lowest level of the summer. However, should economic data come in better than expected, there still could be a short-lived rally. While some states may also see gas prices rise to routine price cycling, primarily in the Great Lakes and Florida, prices across the board remain lower in every state compared to a year ago.