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Gas Prices Soaring

March 6th, 2021 by WCBC Radio

The statewide gas average in Maryland rose at least four cents this week, as the national average increased by six cents. Rising crude prices, tightening gas supplies, and increased gas demand have contributed to drivers seeing higher prices at the pump. According to new data from the Energy Information Administration (EIA), total domestic gas stocks decreased and gasoline demand increased last week. If these trends continue alongside higher crude prices, drivers can expect incremental price increases — of at least nickel — at gas stations in March. The national gas average has not hit $3 since October 31, 2014. The next closest date was in May 25, 2018 at $2.96.

 

The gas price average in Maryland today is $2.74, up respectively four cents from last week, 28 cents in the last month, and 37 cents from this date last year. Maryland’s gas average has not hit $3 since October 26, 2014.

 

Today’s national gas price average is $2.75, up respectively six cents in the last week, 30 cents in the last month, and 35 cents from this time last year.

 

CURRENT AND PAST GAS PRICE AVERAGES

Regular Unleaded Gasoline

 

Today

Week Ago

Month Ago

Year Ago

National

$2.75

$2.69

$2.45

$2.40

Maryland

$2.74

$2.70

$2.46

$2.37

Annapolis

$2.74

$2.69

$2.45

$2.34

Baltimore

$2.74

$2.69

$2.45

$2.34

Cumberland

$2.75

$2.70

$2.46

$2.47

Frederick

$2.71

$2.67

$2.42

$2.34

Hagerstown

$2.74

$2.69

$2.44

$2.38

Salisbury

$2.72

$2.68

$2.47

$2.28

Washington Suburbs

(MD only)

$2.77

$2.72

$2.48

$2.46