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Gas prices continue to drop following holiday

November 26th, 2018 by WCBC Radio

Across the Mid-Atlantic and Northeast states, gas prices are cheaper on the week with Washington, D.C. seeing the smallest decrease (-2 cents). As pump prices continue to decline, all state averages in the region remain well below the $3.00 per gallon mark – a vast change from this summer when several regional states, including Pennsylvania and Washington, D.C., were routinely at this mark.

This week, Delaware ($2.24), Maryland ($2.42) and Pennsylvania ($2.76) have state gas price averages cheaper than one year ago with a year-over-year difference of 18, five and one cent, respectively.

Maryland’s average price is $2.42 per gallon, a new low for 2018. The state average reflects a five cents decline from last week, a 27 cents drop from last month, and is five cents lower than the price last year on this date.

Gasoline stocks dramatically declined by nearly 3 million barrels on the week to drop stocks to a total of 61.7 million barrels, a 3.6 percent decline from the previous week. EIA data shows that stock levels have not been this low since April of this year. The large draw in stocks kept state gas price averages from seeing large declines this week.

CURRENT AND PAST GAS PRICE AVERAGES
Regular Unleaded Gasoline  

 

11/26/18

Week Ago

Month Ago

Year Ago

National

$2.56

$2.62

$2.83

$2.51

Maryland

$2.42

$2.47

$2.69

$2.47

Annapolis

$2.33

$2.37

$2.63

$2.43

Baltimore

$2.34

$2.38

$2.64

$2.45

Cumberland

$2.69

$2.73

$2.81

$2.59

Frederick

$2.44

$2.47

$2.70

$2.49

Hagerstown

$2.59

$2.66

$2.82

$2.55

Salisbury

$2.23

$2.29

$2.57

$2.37

Washington Suburbs

(MD only)

$2.64

$2.67

$2.84

$2.55

 
 

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