BALTIMORE, MD—The national average gas price increased by 2.2 cents this week, reaching $3.11 per gallon, according to GasBuddy. This rise is primarily attributed to sharp gas price increases on the West Coast, where refinery maintenance and outages have had a ripple effect on neighboring states.
“While most of the country has experienced a relatively quiet week for gas prices, the West Coast has seen rapid increases — a trend that should slow in the coming days,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Despite the recent surge, the national average remains unchanged from last month and is 16.5 cents lower than a year ago. However, De Haan anticipates that prices in most areas will likely begin to rise in the coming weeks due to refinery maintenance in other regions and the transition to summer gasoline blends.
The national average diesel price also saw an increase, rising by 0.8 cents to $3.632 per gallon.
Oil prices experienced selling pressure last week due to optimism surrounding a potential Russia-Ukraine peace deal, which could lead to the easing of sanctions on Russian crude oil. This potential development has raised hopes of lower oil prices, with Bank of America suggesting that Brent crude prices could drop between $5 and $10 per barrel if sanctions were eased. WTI crude oil prices rose to $72.03 per barrel Monday, but fell 3 cents to $70.71 by press time today.
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
This article was written with the assistance of AI and reviewed by a human editor.
Photo via Pixabay
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