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Gas prices inch higher on Great Lakes refinery outage

BALTIMORE, MD—The nation’s average price of gasoline has inched 0.7 cents higher compared to a week ago to $3.47 per gallon on Monday, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.

The national average is down 0.8 cents from a month ago and is 25.2 cents per gallon lower than a year ago. The national average price of diesel has fallen 1.2 cents in the last week and stands at $3.78 per gallon—19 cents lower than a year ago.

“We continue to see a mixed bag when it comes to gas prices across the country: states in the Great Lakes region are still being jolted by the Joliet, IL refinery outage, which has also impacted gas prices in some areas of Canada, while areas like the West Coast continue to see notable declines,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the summer winding down and GasBuddy data showing disappointing gasoline demand and struggling oil prices, we could eventually see the national average falling a bit more, especially once the refinery in Illinois restarts operations. While hurricane season hasn’t been a factor yet, it’s also just starting to get into its prime, and that does remain a quiet wildcard for now.”



The most common U.S. gas price encountered by motorists stood at $3.39 per gallon, down 10 cents from last week, followed by $3.29, $3.49, $3.19, and $3.59 rounding out the top five most common prices.

The median U.S. gas price is $3.39 per gallon, unchanged from last week and about 8 cents lower than the national average.

The top 10% of stations in the country average $4.49 per gallon, while the bottom 10% average $2.92 per gallon.

The states with the lowest average prices: Mississippi ($2.92), Louisiana ($2.96), Tennessee ($3.03).

The states with the highest average prices: California ($4.58), Hawaii ($4.56), and Washington ($4.15).

Biggest weekly changes: Ohio (+9.2c), Michigan (+8.3c), Illinois (+6.6c), Indiana (-6.5c), Texas (+6.3c).

See previous gas price reports here

In the Baltimore metro area, the cheapest gas this week could be found at the following locations:

Lowest Baltimore Gas Prices 20240729

Photo via Pixabay


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