Posted on 12/18/23
| News Source: FOX45
Gas prices in Baltimore fell 4 cents per gallon in the past week, averaging $3.07 a gallon, according to GasBuddy's new survey.
The prices in Baltimore are 19.4 cents per gallon lower than a month ago and stand 3.3 cents per gallon lower than a year ago.
The national average price of diesel has fallen 9.2 cents in the last week and stands at $3.99 per gallon.
"As the nation's average price of gasoline has fallen for the 13th straight week, we're on the cusp of potentially seeing a $2.99 per gallon average for the first time in years, most welcome just in time for the Christmas holiday," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While the declines may soon come to an end as the price of oil has rebounded from recent lows, we could see a gentler 2024 at the pump for motorists. Gasoline could see its average fall below $3 this week while the price of diesel has just fallen below $4 for the first time since July, also very welcome news for the economy as nearly all goods are impacted by the price of diesel. All in all, the news continues to be good in terms of fuel prices as we enter into the closing innings of 2023. GasBuddy will be releasing full details on the year ahead in the coming weeks, giving motorists valuable insight on what to expect in 2024."
According to GasBuddy price reports, the cheapest station in Baltimore was priced at $2.73/g yesterday while the most expensive was $3.87/g.
The lowest price in the state yesterday was $2.73/g while the highest was $3.99/g, a difference of $1.26/g.
The national average price of gasoline has fallen 8.6 cents per gallon in the last week, averaging $3.03 a gallon today.
The national average is down 26.9 cents per gallon from a month ago, according to GasBuddy data.