Gas prices fall for fourth straight week

BALTIMORE, MD—For the fourth week in a row the national average price of gasoline dropped, falling 6.2 cents to $3.30 per gallon, according to data released on Monday by GasBuddy. The national average is now 20.7 cents per gallon lower than last month and 49.2 cents per gallon less than a year ago.

“It seems fitting that, in the run-up to Labor Day, the national average has fallen for four straight weeks to its lowest point since February, giving Americans one last chance to hit the road with gas prices being less of a factor,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy is now tracking eight states where average gas prices are already below the $3 per gallon mark, along with nearly 20% of gas stations in the country selling gasoline at $2.99 or lower. These numbers will continue to look better every week as we move into fall. GasBuddy’s Labor Day travel forecast, to be released tomorrow, will provide more good news about the millions of dollars Americans who are road-tripping will save compared to last year.”

According to GasBuddy, the average price of diesel has fallen 3.2 cents in the past week and stands at $3.67 per gallon, which is the lowest level since early 2022. Oil prices, however, have remained on the rise due to higher demand and geopolitical uncertainty. The EIA reported that oil inventories dropped by 4.6 million barrels last week, while the SPR rose by 600,000 barrels.

The most common U.S. gas price encountered by motorists stood at $3.19 per gallon, down 10 cents from last week, followed by $3.29, $2.99, $3.09, and $3.39 rounding out the top five most common prices.

The median U.S. gas price is $3.21 per gallon, down 7 cents from last week and about 9 cents lower than the national average.

The top 10% of stations in the country average $4.39 per gallon, while the bottom 10% average $2.74 per gallon.

The states with the lowest average prices: Oklahoma ($2.79), Mississippi ($2.85), Texas ($2.87).

The states with the highest average prices: Hawaii ($4.55), California ($4.53), and Washington ($4.13).

Biggest weekly changes: Ohio (-15.5c), Illinois (-12.3c), South Carolina (-12.3c), Oklahoma (-12.1c), New Mexico (-11.1c).

In and around the Nottingham area, the cheapest gas this week could be found at the following locations:

BJ’s

4201 Wholesale Club Dr

Nottingham, MD

$3.05

Wawa

7501 Pulaski Hwy

Rosedale, MD

$3.11

Carroll Motor Fuels

2535 Cleanleigh Drive

Parkville, MD

$3.13

Carroll Motor Fuels

9525 Pulaski Highway

Middle River, MD

$3.13

Crown & Carroll Motor Fuels

8350 Pulaski Highway

Rosedale, MD

$3.13

Marathon

8913 Belair Road

Perry Hall, MD

$3.13

Shell

7514 Pulaski Highway

Rosedale, MD

$3.14

Royal Farms

9620 Belair Road

Perry Hall, MD

$3.15

Sunoco

8601 Old Harford Road

Parkville, MD

$3.15

Royal Farms

10740 Pulaski Hwy

White Marsh, MD

$3.19

Royal Farms

5361 Nottingham Dr

White Marsh, MD

$3.19

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

Photo via Pixabay