Gas prices edge slightly higher over holiday

Average gasoline prices in Maryland have risen 0.7 cents per gallon in the last week, averaging $3.55 per gallon Monday, according to GasBuddy’s survey of 2,167 stations in Maryland. Prices in Maryland are 3.2 cents per gallon higher than a month ago and stand unchanged compared to 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.

According to GasBuddy price reports, the cheapest station in Maryland was priced at $3.25 per gallon Sunday while the most expensive was $4.24 per gallon, a difference of 99.0 cents per gallon.

The national average price of gasoline is unchanged in the last week, averaging $3.46 per gallon today. The national average is up 3.7 cents per gallon from a month ago and stands 5.5 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Maryland and the national average going back 10 years:

July 8, 2023: $3.55 per gallon (U.S. Average: $3.52 per gallon)July 8, 2022: $4.64 per gallon (U.S. Average: $4.70 per gallon)July 8, 2021: $3.01 per gallon (U.S. Average: $3.15 per gallon)July 8, 2020: $2.19 per gallon (U.S. Average: $2.19 per gallon)July 8, 2019: $2.72 per gallon (U.S. Average: $2.75 per gallon)July 8, 2018: $2.84 per gallon (U.S. Average: $2.85 per gallon)July 8, 2017: $2.24 per gallon (U.S. Average: $2.26 per gallon)July 8, 2016: $2.23 per gallon (U.S. Average: $2.24 per gallon)July 8, 2015: $2.75 per gallon (U.S. Average: $2.76 per gallon)July 8, 2014: $3.67 per gallon (U.S. Average: $3.65 per gallon)

Neighboring areas and their current gas prices:

Baltimore: $3.57per gallon, up 0.8 cents per gallon from last week’s $3.56 per gallon.Washington, D.C.: $3.60per gallon, down 5.0 cents per gallon from last week’s $3.65 per gallon.Hagerstown:- $3.42per gallon, down 4.1 cents per gallon from last week’s $3.47 per gallon.

“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.”