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Gas Prices on the Rise

November 4th, 2017 by WCBC Radio

Tightening gasoline inventories continue to send pump prices higher in Maryland and across the Mid-Atlantic region, opposite of what drivers usually see this time of year. Above average demand for gasoline due to the mild fall weather and a recent uptick in exports resulting in decreased overall inventories are factors driving up the price of gasoline.

Today’s national gas price average is $2.52 per gallon, which is five cents higher than one week ago, two cents lower than month ago prices and 30 cents higher than this time last year.

Maryland’s average cost at the pump is pricing seven cents lower than the national average at $2.45 per gallon. The state’s average reflects an increase of four cents from a week ago, a four cents drop compared to last month, but a 23 cents increase over last year’s price.

CURRENT AND PAST GAS PRICE AVERAGES 

Regular Unleaded Gasoline

 

11/3/17

Week Ago

Month Ago

Year Ago

National

$2.52

$2.47

$2.54

$2.22

Maryland

$2.45

$2.41

$2.49

$2.22

Baltimore

$2.42

$2.38

$2.45

$2.19

Cumberland

$2.50

$2.49

$2.51

$2.33

Hagerstown

$2.53

$2.46

$2.62

$2.33

Salisbury

$2.39

$2.34

$2.31

$2.10

Washington Suburbs (MD only)

$2.48

$2.46

$2.57

$2.25

 

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April 7th, 2017 by WCBC Radio

Prices in much of Maryland and the Mid-Atlantic region have mirrored the rise in the national average this past week, reaching the highest level since January. And with the region’s switch from winter-blend to the more expensive summer-blend gasoline by April 10, price increases are expected to continue at the pump.
Today’s national average for regular unleaded gasoline is $2.38 per gallon, seven cents more than both last week and month, and 34 cents more than the same date last year. This trend of rising pump prices is likely to continue as refinery maintenance wraps up, summer-blend gasoline becomes available, and driving demand increases this spring.
Maryland’s average cost is three cents less than the national average at $2.35 per gallon, reflecting a four cents increase from last week. The state average is six cents higher than a month ago and 29 cents more than last year on this date. Cumberland stands at $2.40 a gallon, up three cents from last week.


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