Posted on 11/11/24
| News Source: FOX45
Baltimore, MD - Nov. 11, 2024 - Average gasoline prices in Baltimore have fallen 3.3 cents per gallon in the last week, averaging $2.98/g today, according to GasBuddy's survey of 663 stations in Baltimore.
Prices in Baltimore are 23.6 cents per gallon lower than a month ago and stand 15.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Baltimore was priced at $2.75/g yesterday while the most expensive was $3.39/g, a difference of 64.0 cents per gallon.
The lowest price in the state yesterday was $2.67/g while the highest was $3.79/g, a difference of $1.12/g.
Neighboring areas and their current gas prices:
While the election has come and gone, gas prices have stayed the course, with the national average price of gasoline declining for a fourth consecutive week as seasonal demand weakens and Americans begin to take refuge from falling temperatures, said Patrick De Haan, head of petroleum analysis at GasBuddy in a news release. While some may be surprised by the declines—some 28 states have average gas prices below $3 per gallon—this was anticipated in our annual Fuel Outlook from last December. Looking back at our outlook provides insight into the current drop and what we expect next. With the median U.S. gas price now at $2.95 per gallon, the lowest since 2021, it appears to be just a matter of time before the national average falls below $3 per gallon for the first time since May 2021, something we've already seen for diesel prices, which many Americans will be thankful for as we get closer to Thanksgiving.