Gas prices in Maryland continue downward trend

Average gasoline prices in Maryland have fallen 3.4 cents per gallon in the last week, averaging $3.53 per gallon Monday, according to GasBuddy’s survey of 2,167 stations in Maryland. Prices in Maryland are 22.9 cents per gallon lower than a month ago and stand 8.3 cents per gallon higher than a year ago. The national average price of diesel has fallen 3.3 cents in the last week and stands at $3.86 per gallon.

According to GasBuddy price reports, the cheapest station in Maryland was priced at $3.21 per gallon Sundaywhile the most expensive was $4.29 per gallon, a difference of $1.08 per gallon.

The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $3.55 per gallon today. The national average is down 12.0 cents per gallon from a month ago and stands 2.2 cents per gallon higher 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:

May 20, 2023: $3.45 per gallon (U.S. Average: $3.53 per gallon)May 20, 2022: $4.60 per gallon (U.S. Average: $4.60 per gallon)May 20, 2021: $3.04 per gallon (U.S. Average: $3.04 per gallon)May 20, 2020: $1.98 per gallon (U.S. Average: $1.92 per gallon)May 20, 2019: $2.78 per gallon (U.S. Average: $2.84 per gallon)May 20, 2018: $2.91 per gallon (U.S. Average: $2.92 per gallon)May 20, 2017: $2.33 per gallon (U.S. Average: $2.35 per gallon)May 20, 2016: $2.26 per gallon (U.S. Average: $2.28 per gallon)May 20, 2015: $2.67 per gallon (U.S. Average: $2.73 per gallon)May 20, 2014: $3.63 per gallon (U.S. Average: $3.64 per gallon)

Neighboring areas and their current gas prices:

Baltimore — $3.50 per gallon, down 3.7 cents per gallon from last week’s $3.54 per gallon.Washington, D.C. — $3.68 per gallon, down 7.9 cents per gallon from last week’s $3.76 per gallon.Hagerstown — $3.65 per gallon, unchanged from last week’s $3.65 per gallon.

“The news continues to be good for motorists ahead of Memorial Day, with gasoline prices again falling, making it four straight weeks of declines for the national average as we get closer to the start of the summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The good news doesn’t necessarily end there, either. GasBuddy’s summer travel forecast, coming out (Tuesday), will also give motorists mostly good news for the rest of the summer, predicting that gas prices over the next few months will stay far under record levels and should continue trending lower as we get closer to July 4.”