BALTIMORE, MD—The nation’s average price of gasoline rose 7.8 cents in the last week to $3.79 per gallon, according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country.
The national average price of diesel jumped 14.9 cents in the last week and stands at $4.14 per gallon.
“Average gasoline prices continued to move up last week thanks to a continued rise in oil and continued pressure from hot weather that impacted refineries. However, the pace of increases has started to slow down over the last few days, and for now, appears to have hit a peak over the weekend and is beginning to gently fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“The price of diesel, however, continues to rise at a fairly strong pace, with average prices up nearly 15 cents per gallon from a week ago,” De Haan added. “Diesel will likely continue to see upward momentum while gasoline price increases should become more limited. But, with oil remaining under pressure from Saudi Arabia extending its 1 million barrel per day production cut into September, the respite from gasoline rising may not last long. Plus, there remain unknowns about hurricane season that will likely become more active in the weeks ahead.”
The most common U.S. gas price encountered by motorists stood at $3.69 per gallon, up 20 cents from last week, followed by $3.79, $3.49, $3.89, and $3.59 rounding out the top five most common prices. The median U.S. gas price is $3.69 per gallon, up 10 cents from last week and about 10 cents lower than the national average. The top 10% of stations in the country average $4.93 per gallon, while the bottom 10% average $3.30 per gallon. The states with the lowest average prices: Mississippi ($3.31), Louisiana ($3.41), and Alabama ($3.43). The states with the highest average prices: California ($5.03), Washington ($4.96), and Hawaii ($4.71).
See previous gas price reports here
In the Baltimore metro area, the cheapest gas this week could be found at the following locations:
Photo via Pixabay
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