Business, Sci-Tech

Gas prices fall for 10th consecutive week

NOTTINGHAM, MD—The decline in gas prices has now reached the tenth straight week with the national average falling 5.1 cents from a week ago to $3.86 per gallon on Monday, according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 stations nationwide.

The national average is down 51.3 cents from a month ago but 72.2 cents higher than a year ago. The national average price of diesel has fallen 6.3 cents in the last week and stands at $4.97 per gallon.

“While some areas saw gas prices rise slightly last week, the national average saw yet another weekly decline, extending the streak to ten straight weeks. The pace of declines is certainly slowing down as oil prices have bounced up slightly, but the West Coast and Northeastern U.S. are areas that still may see gas prices decline, while the South and Midwest see the drop fade and potentially slight increases,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to falling gasoline prices, the average price of diesel has fallen below $5 per gallon for the first time since March, likely helping to cool off aggressive inflation numbers. Thus far, Mother Nature has spared us from disruptions from hurricanes, but that remains a wildcard as we head into the peak of hurricane season.”



The most common U.S. gas price encountered by motorists stood at $3.49 per gallon, down 10 cents from last week, followed by $3.59, $3.69, $3.99 and $3.39 rounding out the top five most common prices. The median U.S. gas price is $3.69 per gallon, down 8 cents from last week and about 17 cents lower than the national average. The top 10% of stations in the country average $5.18 per gallon, while the bottom 10% average $3.20 per gallon. The states with the lowest average prices: Arkansas ($3.37), Mississippi ($3.39) and Georgia ($3.40). The states with the highest average prices: California ($5.27), Hawaii ($5.25) and Nevada ($4.89).

See previous gas price reports here

In the NottinghamMD.com coverage area, the cheapest gas as of Monday could be found at the following locations:

$3.59 per gallon
Costco
9919 Pulaski Highway
Middle River, MD 21220

$3.59 per gallon
BJ’s Wholesale Club
4201 Wholesale Club Drive
Nottingham, MD 21236

$3.59 per gallon
Sam’s Club
6410 Petrie Way Road
Rosedale, MD  21237

Photo via Pixabay


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