Gas prices unchanged as Beryl puts pressure on oil prices

BALTIMORE, MD—The nation’s average price of gasoline is virtually unchanged compared to a week ago at $3.46 per gallon on Monday, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.

The national average is up 3.7 cents from a month ago but is 5.5 cents per gallon lower than a year ago. The national average price of diesel has risen 3.6 cents in the last week and stands at $3.81 per gallon—the same level as one year ago.

“The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs. While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, we’ll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place.”

The most common U.S. gas price encountered by motorists stood at $3.39 per gallon, up 10 cents from last week, followed by $3.49, $3.29, $3.59, and $3.19 rounding out the top five most common prices.

The median U.S. gas price is $3.39 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 $4.50 per gallon, while the bottom 10% average $2.92 per gallon.

The states with the lowest average prices: Mississippi ($2.90), Louisiana ($2.94), Oklahoma ($3.00).

The states with the highest average prices: California ($4.71), Hawaii ($4.66), and Washington ($4.20).

In the Baltimore metro area, the cheapest gas this week could be found at the following locations:

Photo via Pixabay