Baltimore Sees Significant Gas Price Decline, Now 28.1 Cents Cheaper Than A Month Ago

By FOX45
Posted on 12/23/24 | News Source: FOX45

Baltimore, MD - Dec. 23, 2024  - Average gas prices in Baltimore have fallen 2.3 cents per gallon in the last week, averaging $2.82/g today, according to GasBuddy's survey of 663 stations in Baltimore.

Prices in Baltimore are 28.1 cents per gallon lower than a month ago and stand 37.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Baltimore was priced at $2.53/g yesterday while the most expensive was $3.49/g, a difference of 96.0 cents per gallon.

The lowest price in the state yesterday was $2.53/g while the highest was $3.49/g, a difference of 96.0 cents per gallon.

Historical gasoline prices in Baltimore and the national average going back ten years:

• December 23, 2023: $3.19/g (U.S. Average: $3.10/g)
• December 23, 2022: $3.00/g (U.S. Average: $3.09/g)
• December 23, 2021: $3.28/g (U.S. Average: $3.28/g)
• December 23, 2020: $2.36/g (U.S. Average: $2.26/g)
• December 23, 2019: $2.43/g (U.S. Average: $2.55/g)
• December 23, 2018: $2.18/g (U.S. Average: $2.31/g)
• December 23, 2017: $2.39/g (U.S. Average: $2.44/g)
• December 23, 2016: $2.27/g (U.S. Average: $2.28/g)
• December 23, 2015: $1.98/g (U.S. Average: $2.01/g)
• December 23, 2014: $2.50/g (U.S. Average: $2.36/g)

Neighboring areas and their current gas prices:

• Maryland- $2.88/g, down 3.9 cents per gallon from last week's $2.91/g.
• Washington DC- $3.13/g, down 2.7 cents per gallon from last week's $3.15/g.
• York- $3.21/g, down 4.0 cents per gallon from last week's $3.25/g.

We've seen a second consecutive weekly rise in the national average, driven by price cycling that led stations in the Great Lakes region to restore their margins to normal levels ahead of millions of motorists traveling for Christmas," said Patrick De Haan, head of petroleum analysis at GasBuddy in a news release. "With oil prices continuing to move sideways, gas prices may hold near recent levels in the coming week. Meanwhile, in the Great Lakes, last week's price hikes will likely be rolled back as stations resume undercutting each other. As families travel for the holidays, this volatility at the pump serves as a great reminder to check prices before filling up to save as much as 25 to 50 cents per gallon—a trend that will likely persist into 2025. As we close out the year, motorists can look forward to some good news at the pump in 2025, as GasBuddy prepares to release our 2025 Fuel Price Outlook.