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Gas Prices Jump In Maryland

August 27th, 2016 by WCBC Radio

Motorists in the Mid-Atlantic and Northeast have seen gas prices move higher over the past week. This has been most evident in the Mid-Atlantic region, where Maryland, Delaware, Pennsylvania and Virginia have all have jumped at least eight cents in the last week. The national average price for regular unleaded is $2.21 per gallon, which is seven cents more than one week ago, six cents more than a month ago, but 35 cents less than the same date last year. Maryland’s average jumped even more than the national average. Today’s Maryland average stands at $2.20 per gallon, which is twelve cents more than one week ago and six cents more than a month ago. Despite recent increases, the state’s average remains 23 cents less than a year ago.

Pump prices have been driven by crude oil prices surging this month while refinery issues have exacerbated price increases in areas supplied by these facilities. This includes a number of refineries in the Gulf Coast that are undergoing unplanned maintenance as a result of flooding in Louisiana and a refinery fire in Texas. 

 

CURRENT AND PAST GAS PRICE AVERAGES 
Regular Unleaded Gasoline (*indicates record high)

 

8/26/16

Week Ago

Month Ago

Year Ago

National

$2.21

$2.14

$2.15

$2.56

Maryland

$2.20

$2.08

$2.14

$2.46

Baltimore

$2.20

$2.05

$2.11

$2.43

Cumberland

$2.19

$2.18

$2.32

$2.47

Hagerstown

$2.16

$2.14

$2.20

$2.56

Salisbury

$2.12

$1.95

$1.95

$2.29

Washington Suburbs (MD only)

$2.22

$2.13

$2.21

$2.52

Crude Oil

$47.33
per barrel 
at Thursday’s close, 8/25/16

$48.22
per barrel (Thursday, 8/18/16 )

$43.13
per barrel 
(7/25/16)

$39.31
per barrel
(8/25/16)

 

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