Ragina C. Ali
Public Relations Manager, MD
O: (410) 616-1900 (ext. 4361152)
C: (443) 465-5020
RAli@aaamidatlantic.com

The Week

Maryland drivers experienced another week of price drops at the pump, adding to an average gas price decline of 16 cents per gallon in the last month. Crude oil prices remain low, despite the attack on oil tankers in the Middle East. AAA believes that unless there is a sustained attack that threatens the long-term viability of crude supply along the shipping route, the impact to pump prices will be minimal.

 

Prices in Maryland dropped by six cents in the last week, are 16 cents lower than last month and 24 cents lower than on this date last year. 

 

Today’s national gas price average is $2.70, which is down seven cents in the last week, down 16 cents in the last month, and is 20 cents less than last year’s price.


CURRENT AND PAST GAS PRICE AVERAGES 

Regular Unleaded Gasoline

Today

Week Ago

Month Ago

Year Ago

National

$2.70

$2.77

$2.86

$2.90

Maryland

$2.61

$2.67

$2.77

$2.85

Annapolis

$2.53

$2.61

$2.73

$2.80

Baltimore

$2.55

$2.62

$2.75

$2.82

Cumberland

$2.75

$2.83

$2.86

$2.93

Frederick

$2.56

$2.64

$2.76

$2.84

Hagerstown

$2.66

$2.70

$2.75

$2.81

Salisbury

$2.47

$2.53

$2.65

$2.71

Washington Suburbs

(MD only)

$2.73

$2.78

$2.85

$2.96

Crude Oil

$52.51

per barrel

(6/14/19)

$53.99

per barrel

(6/7/19)

$62.76

per barrel

(5/17/19)

$65.06

per barrel

(6/15/18)

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $52.51 per barrel, $1.48 lower than last Friday’s close. Following attacks on two tankers in the Gulf of Oman earlier in the week, crude prices increased by $1.14, a relatively tepid response to the incident. Many analysts believe the market remains concerned about the threat of the ongoing trade war and a forecasted slowdown of global economic growth. Oil prices also remain lower following the Energy Information Administration’s (EIA) latest report showing crude oil inventories have increased.

 

The Weekend

As the summer driving season rolls on, prices at the pump continue to slide, which is welcome news to motorists as seasonal road trips and weekend getaways gear up,” says Jeanette Tejeda de Gomez, Senior Public Affairs Specialist for AAA Mid-Atlantic. “Increased gasoline supplies, coupled with lower crude prices, will help keep gas prices low as we move through summer.”

 

The Week Ahead

For the 2019 summer driving season, which runs from April through September, EIA forecasts that U.S. regular gasoline retail prices will average $2.76 per gallon, down from an average of $2.85 per gallon last summer. The lower forecast gasoline prices primarily reflect EIA’s expectation of lower crude oil prices this summer. 

 

AAA has a variety of resources to help motorists save on fuel:

                   

AAA is the most comprehensive resource for gas prices. AAA reports reflect actual prices from credit card transactions at more than 100,000 gas stations in the U.S.

 

Next Weekend Gas Watch: Friday, June 21, 2019

 

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Mailing Address:
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AAA provides automotive, travel and insurance services to over 59 million members nationwide and more than 982,000 members in Maryland.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  The not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel and track their roadside assistance service with the AAA Mobile app for iPhone, iPad and Android.  For more information, visit AAA.com.

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On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

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  • 368 people in attendance at the live event
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