Posted on 12/02/24
| News Source: FOX45
Baltimore, MD - Dec. 2, 2024 - The average gas prices in Baltimore have dropped 8.2 cents per gallon in the past week, averaging $3.00 a gallon as of today, according to GasBuddy's recent survey.
Prices in Baltimore are 1 cent per gallon lower than a month ago and 18 cents per gallon lower than a year ago.
The national average price of diesel has risen 1.1 cents in the last week and stands at $3.514 per gallon.
"Millions took to the road for Thanksgiving, and while some regions, like the Great Lakes, saw gas prices rise just in time for travel, most of the nation saw prices hold mostly stable or decline slightly as the national average remains near the lowest level we've seen since 2021," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The weeks ahead should feature slight drops in gas prices in most areas, with over 100,000 stations now offering a gallon for $2.99 or less, which should stick around through the holiday shopping season. While the potential impacts from tariffs are something to watch, they would have no effect until late January, if implemented at all. For this week, all eyes will be on the previously delayed OPEC+ meeting on Thursday. If they begin to restore oil production, oil prices could soften to the mid-$60s."
According to GasBuddy price reports, the cheapest station in Baltimore was priced at $2.75 a gallon yesterday while the most expensive was $3.79 a gallon.
The lowest price in the state yesterday was $2.65a gallon while the highest was $3.79 per gallon.
The national average price of gasoline has fallen 0.6 cents per gallon in the last week, averaging $3.00/g today.
The national average is down 7.7 cents per gallon from a month ago, according to GasBuddy data.