Posted on 08/14/23
| News Source: FOX45
The average gas prices in Baltimore have risen 0.5 cents per gallon in the last week, averaging $3.78/g today, according to GasBuddy's survey.
Prices in Baltimore are 23.1 cents per gallon higher than a month ago and stand 11.1 cents per gallon lower than a year ago.
The national average price of diesel has risen 12.3 cents in the last week and stands at $4.270 per gallon.
The lowest price in the state yesterday was $3.43/g while the highest was $4.44/g, a difference of $1.01/g.
"The national average price of gasoline continues to hold near the highest level we've seen since last October, touching $3.84 per gallon. It could climb slightly higher as we get closer to Labor Day, as oil prices remain under pressure from recent OPEC+ production cuts," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While July CPI data looked pretty good with energy prices well below their year-ago level, August data isn't going to look nearly as friendly. Gasoline prices stand just over a dime away from rising back above their year ago level - something that is definitely possible by the closing summer holiday. In addition, the largest refinery in the Midwest moved up its seasonal maintenance to several weeks earlier than expected, causing a somewhat unexpected jump at the pump in the Great Lakes. Motorists will likely see a mixed bag at the pump this week, with a few states seeing prices fall slightly, while others will see the opposite."
The national average price of gasoline has risen 2.5 cents per gallon in the last week, averaging $3.82/g today.
The national average is up 29.1 cents per gallon from a month ago and stands 9.6 cents per gallon lower than a year ago, according to GasBuddy data.