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Gas prices continue to rise

May 30th, 2015 by WCBC Radio

The national average price of regular grade gasoline reached its highest price of the year on Memorial Day ($2.74), rising 41 of 44 days (through today).  Friday’s average price is fractions of a penny less than the benchmark set on Monday.  Drivers are paying the same price to refuel their vehicles as this time last week, five cents more than two weeks ago and 18 cents more than one month ago.  Significant yearly discounts remain, due to relatively low prices for crude oil, with Friday’s national average representing a savings of 91 cents per gallon compared to the same date last year. Maryland’s average price at the pump is four cents lower than the national average at $2.70 per gallon, which reflects an increase of three cents from last week and a 14 cents rise from last month’s price.  The State average is 95 cents per gallon less expensive than the average price on this date last year. AAA expects prices to stabilize in the coming weeks and the national average gas price should remain below $3 per gallon in 2015, barring any major supply disruptions. In Cumberland gas prices are up a cent from at week ago at $2.71

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August 12th, 2012 by WCBC Radio

The national average price of a gallon of gas at the pump has climbed to $3.67, a rise of 34 cents since July 1, with crude oil prices on the rise. Locally, drivers have seen gas prices surge to 3.69 per gallon, up 10 cents from last week. Analysts don't expect gas prices to get as high as they did in April, when 10 states passed $4.00 per gallon and the U.S. average topped out at $3.94.

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