Gas prices drop another 6.2 cents in Maryland

Average gasoline prices in Maryland have fallen 6.2 cents per gallon in the last week, averaging $3.64 per gallon Monday, according to GasBuddy’s survey of 2,167 stations in Maryland. Prices in Maryland are 3.9 cents per gallon higher than a month ago and stand 23.9 cents per gallon higher than a year ago. The national average price of diesel has dropped 3.4 cents in the last week and stands at $3.94 per gallon.

According to GasBuddy price reports, the cheapest station in Maryland was priced at $3.19 per gallon yesterday while the most expensive was $4.39 per gallon, a difference of $1.20 per gallon.

The national average price of gasoline has fallen 1 cent per gallon in the last week, averaging $3.62 per gallon today. The national average is up 2.7 cents per gallon from a month ago and stands 11.1 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 6, 2023: $3.41 per gallon (U.S. Average: $3.50 per gallon)

May 6, 2022: $4.37 per gallon (U.S. Average: $4.29 per gallon)

May 6, 2021: $2.85 per gallon (U.S. Average: $2.95 per gallon)

May 6, 2020: $1.87 per gallon (U.S. Average: $1.80 per gallon)

May 6, 2019: $2.81 per gallon (U.S. Average: $2.89 per gallon)

May 6, 2018: $2.78 per gallon (U.S. Average: $2.80 per gallon)

May 6, 2017: $2.33 per gallon (U.S. Average: $2.34 per gallon)

May 6, 2016: $2.26 per gallon (U.S. Average: $2.22 per gallon)

May 6, 2015: $2.61 per gallon (U.S. Average: $2.64 per gallon)

May 6, 2014: $3.67 per gallon (U.S. Average: $3.67 per gallon)

Neighboring areas and their current gas prices:

Baltimore: $3.64 per gallon, down 6.2 cents per gallon from last week’s $3.70 per gallon.

Washington, D.C.: $3.73 per gallon, up 5.9 cents per gallon from last week’s $3.67 per gallon.

Hagerstown: $3.73 per gallon, down 2.2 cents per gallon from last week’s $3.75 per gallon.

“We’ve seen the national average fade slightly again as oil prices have cooled and our spring peak appears to be more confidently behind us,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While refinery utilization rates last week indicated that there is still some refinery maintenance work to be done, oil prices have helped put downward pressure on gasoline prices, with oil falling below $80 per barrel last week. In addition, a weaker than expected jobs report is adding to some concerns that gasoline demand could remain weak through the summer driving season, which is just a few weeks from beginning. With the seasonal factors behind us, looking ahead, we expect gasoline prices to continue cooling alongside diesel prices as we look forward to Memorial Day weekend.”