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Prices at the Pump Rising

May 19th, 2018 by WCBC Radio

Maryland motorists continue to see gas prices take a bite out of their budget, as some local averages gained as much as eight cents in the last seven days. Gasoline inventories dropped this week, while demand for gas is expected to increase for the Memorial Day holiday next week.  In addition, the price of oil (the biggest stressor on pump prices) remains above $71 per barrel, $20 more than this time last year.

Today’s national gas price average is $2.91 per gallon, which is up five cents in the last week, up 18 cents in the last month and 57 cents higher than this time last year.

Maryland’s average cost at the pump is a penny lower than the national average at $2.90 per gallon.  Cumberland stands at $2.89, up two cents from last week. The state average is six cents more than last week, up 18 cents from last month, and 59 cents more than last year on this date.

CURRENT AND PAST GAS PRICE AVERAGES
Regular Unleaded Gasoline  

 

 

5/18/18

Week Ago

Month Ago

Year Ago

National

$2.91

$2.86

$2.73

$2.34

Maryland

$2.90

$2.84

$2.72

$2.31

Annapolis

$2.89

$2.81

$2.69

$2.38

Baltimore

$2.90

$2.82

$2.70

$2.28

Cumberland

$2.89

$2.87

$2.85

$2.42

Frederick

$2.91

$2.85

$2.72

$2.29

Hagerstown

$2.86

$2.85

$2.75

$2.34

Salisbury

$2.83

$2.79

$2.65

$2.19

Washington Suburbs

(MD only)

$2.96

$2.89

$2.78

$2.34

 

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