BALTIMORE (WBFF) — Drivers in Baltimore saw some relief at the pump this week, with average gas prices dropping even as analysts warn the break may not last.
Average gasoline prices in Baltimore fell 11.4 cents per gallon in the last week to $3.99 a gallon as of April 20, according to GasBuddy’s survey of 663 stations in the city.
“Average gasoline prices declined in 48 states over the last week, while diesel prices fell in 46 states, offering a welcome break at pumps, with the national average price of gasoline dipping below the $4 per gallon mark over the weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, that relief may prove fleeting. Oil prices surged in Sunday night trading after Iran re-closed the Strait of Hormuz and President Trump signaled further escalation if Tehran does not come to an agreement. With global oil flows remaining at risk, renewed volatility is taking hold, and the continued back-and-forth is making any lasting resolution increasingly fragile. As a result, gasoline prices are likely to rise again in the days ahead, with diesel expected to follow if disruptions persist, and many of the states that exhibit price cycling could see increases in the next 24-48 hours.”
ALSO READ | Ford recalls almost 1.5 million top-selling vehicles due to potentially dangerous issue
Despite the weekly decline, prices were 17.9 cents higher than a month ago and 89.8 cents higher than a year ago. Across Baltimore, GasBuddy price reports showed the cheapest station was $3.67 a gallon Sunday and the most expensive was $4.46 a gallon, a 79-cent difference.
BE THE FIRST TO COMMENT
Nationally, the average price of gasoline fell 9.4 cents over the last week to $3.97 a gallon.
Local Story
