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Gas Prices Continue To Rise

June 4th, 2016 by WCBC Radio

The kickoff of the summer driving season has drivers paying the lowest gas prices for this time of year in more than a decade, as gas prices for the Memorial Day holiday were the cheapest since 2005 and were down 42 cents per gallon versus last year’s holiday. Today’s average price of $2.34 per gallon represents an increase of two cents per gallon on the week, and 12 cents more per gallon on the month. For the first time in 36 weeks the retail cost of gasoline is above $2 a gallon in all regions of the USA.

 

CURRENT AND PAST GAS PRICE AVERAGES 
Regular Unleaded Gasoline 

 

6/3/16

Week Ago

Month Ago

Year Ago

National

$2.34

$2.32

$2.22

$2.76

Maryland

$2.34

$2.32

$2.26

$2.73

Baltimore

$2.33

$2.31

$2.26

$2.72

Cumberland

$2.41

$2.39

$2.24

$2.68

Hagerstown

$2.34

$2.34

$2.26

$2.69

Salisbury

$2.20

$2.20

$2.20

$2.60

Washington Suburbs

(MD only)

$2.38

$2.35

 $2.27

$2.76

 

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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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