BALTIMORE, MD—The national average price of gasoline returned to a decline over the last week, falling 3.3 cents compared to a week ago, and stands at $3.13 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 6.2 cents from a month ago and is 39.7 cents per gallon lower than a year ago. The national average price of diesel has declined 1.3 cents in the last week and stands at $3.56 per gallon.

“The median U.S. price for gasoline has just slipped below the $3/gal mark for the first time since early 2024, while the national average price of gasoline has returned to decline as oil prices have begun to cool off after Iran’s attack on Israel, due in part to sources saying Israel has agreed not to attack Iran’s oil infrastructure,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

De Haan added that with the potential of an attack on Iran’s oil infrastructure decreasing as a result, the risk calculus for oil is decreasing, and with continued economic weakness in China providing bearish sentiment, oil prices late last week slipped back below the $70 per barrel mark, opening the door for a longer decline to potentially return to the national average.

“I’m hopeful that the downward trend will continue again this week for a majority of Americans as we see the average price of gasoline start to make a targeted effort to fall below the $3/gal mark for the first time since 2021,” he said.

See previous gas price reports here

In and around the Nottingham area, the cheapest gas this week could be found at these locations…

• Bowleys Quarters
• Carney
• Edgewood
• Essex
• Fallston
• Joppa
• Kingsville
• Middle River
• Nottingham
• Overlea/Fullerton
• Parkville
• Perry Hall
• Rosedale
• Rossville
• Towson
• White Marsh

Photo via Pixabay

This article was written with the assistance of AI and reviewed by a human editor.