BALTIMORE, MD—The national average price of gasoline has declined for seven consecutive weeks, reaching $3 per gallon. This marks the lowest level since May 2021, according to GasBuddy, which compiled data from over 12 million individual price reports across more than 150,000 gas stations nationwide. The average price fell by 0.6 cents from last week, 7.7 cents from a month ago, and 23.2 cents from a year ago.

Diesel prices saw a slight increase, rising 1.1 cents in the past week, reaching an average of $3.514 per gallon.

Despite a surge in gas prices in some regions, like the Great Lakes, during the Thanksgiving travel period, most areas saw stable or slightly lower prices. Patrick De Haan, head of petroleum analysis at GasBuddy, attributed this trend to the national average remaining near its lowest level since 2021. He expects slight drops in gas prices in the coming weeks, with over 100,000 stations currently offering a gallon for $2.99 or less. These lower prices are expected to persist through the holiday shopping season.

While potential impacts from tariffs are worth watching, they are not expected to take effect until late January, if implemented. De Haan emphasized that all eyes will be on the upcoming OPEC+ meeting on Thursday. If OPEC+ members restore oil production, oil prices could soften to the mid-$60s.

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $2.79, $3.09, and $2.69 rounding out the top five most common prices.

The median U.S. gas price is $2.93 per gallon, up 4 cents from last week and about 7 cents lower than the national average.

The top 10% of stations in the country average $4.16 per gallon, while the bottom 10% average $2.40 per gallon.

The states with the lowest average prices: Oklahoma ($2.39), Texas ($2.52), Mississippi ($2.56).

The states with the highest average prices: Hawaii ($4.46), California ($4.34), and Washington ($3.92).

Biggest weekly changes: Ohio (+12.3¢), New Mexico (-9.7¢), Indiana (+9.2¢), Texas (-7.6¢), Iowa (-7.5¢).

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.