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Gas prices steady in Cumberland

September 16th, 2017 by WCBC Radio

return to their full operations in the region, prices should continue to decrease. While gas prices quickly shot up by double-digits, price decreases will instead come down gradually. The initial shuttering of refineries created an increase in demand, as concerned motorists headed to the gas stations to fill up their tanks.

Today’s national average price for unleaded gasoline stands at $2.64 per gallon, three cents less than one week ago, 29 cents higher than one month ago and 46 cents higher than one year ago.

Maryland’s average cost at the pump is pricing four cents per gallon more than the national average at $2.68 per gallon. The state’s average reflects a decrease of six cents from a week ago, a 35 cents rise versus last month and a 52 cents increase over last year’s price.

At the close of NYMEX trading Thursday, WTI crude oil settled at $49.89 per barrel, 80 cents higher than the previous week’s closing price. Crude oil prices are nearing post OPEC agreement highs hitting a four-month high on Thursday. According to the Energy Information Administration, gasoline stocks decreased by 8.4 million barrels this week, which is the largest weekly decline since 1990 when data was first recorded.

CURRENT AND PAST GAS PRICE AVERAGES 

Regular Unleaded Gasoline

 

9/15/17

Week Ago

Month Ago

Year Ago

National

$2.64

$2.67

$2.35

$2.18

Maryland

$2.68

$2.74

$2.33

$2.16

Baltimore

$2.66

$2.74

$2.31

$2.14

Cumberland

$2.69

$2.70

$2.37

$2.17

Hagerstown

$2.77

$2.78

$2.34

$2.23

Salisbury

$2.57

$2.67

$2.20

$2.03

Washington Suburbs (MD only)

$2.72

$2.76

$2.36

$2.20

 

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August 19th, 2017 by WCBC Radio

Throughout Maryland and the Mid-Atlantic region, gas prices can’t seem to make up their mind. Some areas are down on the week, while others are up or flat. Today’s national average price for regular unleaded gasoline is $2.34 per gallon, which is two cents per gallon lower on the week, but eight cents more than one month ago and 20 cents higher than last year.

Maryland’s average cost at the pump is three cents less than the national average at $2.31 per gallon. The state’s cost reflects a drop of three cents from a week ago, but a seven cents increase compared to last month’s price and a 23 cent per gallon rise over last year’s price.

In Cumberland the price held steady at $2.37.

CURRENT AND PAST GAS PRICE AVERAGES 

Regular Unleaded Gasoline

 

8/18/17

Week Ago

Month Ago

Year Ago

National

$2.34

$2.36

$2.26

$2.14

Maryland

$2.31

$2.34

$2.24

$2.08

Baltimore

$2.29

$2.32

$2.21

$2.04

Cumberland

$2.37

$2.37

$2.34

$2.19

Hagerstown

$2.33

$2.34

$2.30

$2.14

Salisbury

$2.20

$2.23

$2.14

$1.95

Washington Suburbs (MD only)

$2.35

$2.37

$2.28

$2.13

 


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