Economy Archives - Nottingham MD

Governor Wes Moore 2023 State of the State

Governor Moore unveils $67.3 billion FY 2026 budget plan, vehicle and online delivery fee increases proposed

Posted on January 16, 2025 by Chris Montcalmo

ANNAPOLIS, MD—Maryland Governor Wes Moore has released the Moore-Miller administration’s $67.3 billion budget proposal for fiscal year 2026. The plan focuses on four key areas: growing the economy, strengthening Maryland’s workforce, modernizing government, and fixing the state’s tax system. The proposal accomplishes these goals without raising sales or property taxes, while increasing taxes and fees elsewhere. “We are guided by […]

Gas prices slip slightly, diesel prices rise

Posted on January 13, 2025 by Chris Montcalmo

BALTIMORE, MD—The national average price of gasoline fell 1.1 cents to $3.02 per gallon last week, according to GasBuddy. The price is 0.9 cents higher than a month ago but 3.2 cents lower than a year ago. The decline in gas prices comes after a week of rising prices. However, colder weather has pushed diesel prices higher and could impact […]

Gas prices see biggest weekly rise in months as oil surges

Posted on January 6, 2025 by Chris Montcalmo

BALTIMORE, MD—The national average gas price in the U.S. has increased by 5.6 cents per gallon in the past week, reaching $3.03 per gallon, according to GasBuddy. This rise is attributed to a surge in oil prices, which have reached nearly $74 per barrel, marking the highest level in several months. Patrick De Haan, head of petroleum analysis at GasBuddy, […]

Gas prices expected to drop in 2025

Posted on January 2, 2025 by Chris Montcalmo

BALTIMORE, MD—The national average gas price is expected to decline to $3.22 per gallon in 2025, marking the third consecutive year of lower prices, according to a new forecast by GasBuddy. This represents a continued relief for American drivers, who are projected to spend over $12 billion less on gasoline in 2025 compared to 2024. However, the forecast also highlights […]

Gas prices fall for first time in three weeks

Posted on December 30, 2024 by Chris Montcalmo

BALTIMORE, MD—The national average price of gasoline has fallen for the first time in three weeks, according to GasBuddy. The decline is attributed to a drop in crude oil prices and a stronger U.S. dollar. The national average gas price fell 3.0 cents per gallon to $2.98 per gallon, according to GasBuddy data compiled from more than 12 million individual […]

Gas prices rise for second week in a row

Posted on December 23, 2024 by Chris Montcalmo

BALTIMORE, MD—The national average gas price in the U.S. has risen for the second straight week, reaching $3.01 per gallon, according to GasBuddy. This increase of 3.1 cents compared to last week is attributed to price cycling, particularly in the Great Lakes region, where stations are adjusting margins ahead of holiday travel. Despite the recent uptick, the national average remains […]

Maryland adds an estimated 7,100 jobs in November, unemployment rate inches higher

Posted on December 21, 2024 by Chris Montcalmo

BALTIMORE, MD—Maryland’s employment numbers continued their positive trajectory in November, adding 7,100 jobs, according to preliminary estimates released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This brings the total number of jobs added in Maryland in 2024 to 40,900. The growth was primarily driven by the private sector, which added 5,400 jobs in November. This puts […]

Gas prices see slight increase after weeks of decline

Posted on December 16, 2024 by Chris Montcalmo

BALTIMORE, MD—After weeks of decline, the national average gas price has seen a slight uptick, according to GasBuddy. The national average price for a gallon of gas rose by 0.8 cents to reach $2.98 per gallon, the first increase since October. The national average diesel price fell 1.8 cents last week, now standing at $3.472 per gallon. This increase is […]

Tag: Economy