August 25th, 2018 by WCBC Radio
Gas prices continue their slow decline again this week, as demand for gasoline has dipped and crude oil prices remain below $70. Gasoline supplies were up for the second time in three weeks due to the slightly weaker demand.
Drivers across Maryland experienced price drops at the pump, ranging from a penny to three cents per gallon over the last week, and could see prices continuing to drop until Labor Day. If the demand for gasoline increases due to last-minute summer road trip plans, prices at the pump could increase.
Today’s national gas price average is $2.84, which is down a penny in the last week, unchanged in the last month, and 49 cents higher than this time last year.
Maryland’s gas average is five cents lower than the national average at $2.79 per gallon, which is one cent lower from last week, three cents less than last month, but 50 cents more than last year on this date. Cumberland is down a cent from last week at $2.89 but is still the highest in the state
CURRENT AND PAST GAS PRICE AVERAGES
Regular Unleaded Gasoline
|
|
8/24/18 |
Week Ago |
Month Ago |
Year Ago |
|
|
National |
$2.84 |
$2.85 |
$2.84 |
$2.35 |
|
|
Maryland |
$2.79 |
$2.80 |
$2.82 |
$2.29 |
|
|
Annapolis |
$2.75 |
$2.76 |
$2.78 |
$2.24 |
|
|
Baltimore |
$2.75 |
$2.77 |
$2.79 |
$2.27 |
|
|
Cumberland |
$2.89 |
$2.90 |
$2.94 |
$2.37 |
|
|
Frederick |
$2.79 |
$2.82 |
$2.81 |
$2.28 |
|
|
Hagerstown |
$2.85 |
$2.86 |
$2.80 |
$2.32 |
|
|
Salisbury |
$2.67 |
$2.70 |
$2.72 |
$2.19 |
|
|
Washington Suburbs (MD only) |
$2.90 |
$2.91 |
$2.92 |
$2.36 |
|
