BALTIMORE, MD—The national average gas price in the U.S. has fallen for the fourth week in a row, according to GasBuddy.

The national average gas price fell 1.3 cents compared to last week, reaching $3.02 per gallon. This is 10.6 cents lower than a month ago and 42.4 cents lower than a year ago. Diesel prices have fallen 5.0 cents in the last week to $3.558 per gallon.

“However, this decline shouldn’t necessarily be celebrated, as it comes with strong warning signs,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “When the economy slows, gasoline demand drops — along with demand for other refined products like diesel and jet fuel. We’ve already seen some signals that the months ahead could be challenging.”

Oil prices have remained volatile, fluctuating in the upper $60s range. Last Monday, West Texas Intermediate crude oil was $67.41 per barrel, but it dropped 89 cents to $68.07 per barrel on Monday. Brent crude gained 88 cents to $71.46 per barrel, slightly above last week’s $70.76.

On March 7, 2025, the Energy Information Administration reported that crude oil inventories increased by 1.4 million barrels to 435.2 million barrels. This is about 5% below the five-year average.

Despite the decline in gas prices, De Haan suggests that economic conditions could eventually lead to a rise in gas prices.

“If economic conditions improve, gas prices could eventually follow suit and start rising again,” he said.

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, $2.69, and $3.09 rounding out the top five most common prices.

The median U.S. gas price is $2.89 per gallon, unchanged from last week and about 13 cents lower than the national average.

The top 10% of stations in the country average $4.36 per gallon, while the bottom 10% average $2.47 per gallon.

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

The states with the highest average prices: California ($4.57), Hawaii ($4.47), and Washington ($4.01).

Biggest weekly changes: Ohio (+12.6¢), Maryland (+9.3¢), Oklahoma (-9.1¢), Washington (-8.7¢), Colorado (-7.8¢).

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

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

Photo via Pixabay

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