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Gas prices on the rise

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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December 10th, 2016 by WCBC Radio

As it begins to feel more like winter across the Mid-Atlantic region, pump prices have moved higher, attributed most likely to OPEC’s announcement to cut production on November 30, in an effort to rebalance the global oil supply and raise prices.  Markets reacted quickly to the production agreement with crude oil prices rising, leading to increased retail prices. The deal is set to take effect in January 2017.

Increases have been most evident in the Mid-Atlantic, as Maryland’s average today rose six cents per gallon compared to last week and seven cents versus last month. Since late September, Maryland’s average continues to trend higher than last year’s prices, with today’s price up by 13 cents per gallon compared to this date a year ago. 

 

CURRENT AND PAST GAS PRICE AVERAGES 
Regular Unleaded Gasoline

 

12/9/16

Week Ago

Month Ago

Year Ago

National

$2.20

$2.16

$2.20

$2.02

Maryland

$2.28

$2.22

$2.21

$2.05

Baltimore

$2.28

$2.21

$2.19

$2.03

Cumberland

$2.33

$2.33

$2.36

$2.08

Hagerstown

$2.30

$2.26

$2.32

$2.08

Salisbury

$2.23

$2.19

$2.14

$2.05

Washington Suburbs (MD only)

$2.30

$2.21

$2.24

$2.07

 


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