BALTIMORE, MD—The national average price of gas has fallen for the sixth straight week, reaching its lowest point since May 2021, according to GasBuddy. The average price for a gallon of gas is now $3.01, down 1.4 cents from last week and 23.7 cents lower than a year ago. This decline is largely attributed to promotions ahead of Thanksgiving, pushing gas prices down even as oil prices remain elevated.

The national average fell 11.2 cents from a month ago. The national average diesel price dropped 1.3 cents in the last week to $3.503 per gallon.

“Ahead of Thanksgiving, motorists continue to be teased by the prospect of a $2.99 per gallon national average, a level now seen in 32 states. But for the last few weeks, the stars just haven’t quite aligned,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Last week, Russia’s threats after Ukraine used long-range U.S. missiles pushed oil prices back above $70 per barrel. Some promotions ahead of Thanksgiving are pushing gas prices back down, even as oil remains elevated. For now, we’re just pennies away from the national average falling to $2.99, but for a third year, we may again fall short. As Americans prepare to hit the road for Thanksgiving, we’re seeing the lowest national average price of gasoline since 2021, with a far better economic picture than when gas prices were last this low.”

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, up 10 cents from last week, followed by $2.89, $2.79, $3.19, and $2.69 rounding out the top five most common prices.

The median U.S. gas price is $2.89 per gallon, down 2 cents from last week and about 12 cents lower than the national average.

The top 10% of stations in the country average $4.13 per gallon, while the bottom 10% average $2.45 per gallon.

The states with the lowest average prices: Oklahoma ($2.43), Mississippi ($2.58), Texas ($2.60).

The states with the highest average prices: Hawaii ($4.53), California ($4.37), and Washington ($3.90).

Biggest weekly changes: Michigan (-13.3¢), Colorado (-9.9¢), New Jersey (+9.2¢), Indiana (-8.8¢), Maryland (-8.8¢).

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.