BALTIMORE (WBFF) — Drivers across Baltimore are paying more at the pump this week, as average gas prices climbed again amid rising wholesale costs and global uncertainty in oil markets.
Average gas prices in Baltimore have risen 5.2 cents per gallon in the last week, averaging $4.03 per gallon today, according to GasBuddy’s survey of 663 stations in Baltimore.
Prices in the city are 56.5 cents per gallon higher than a month ago and 77.9 cents per gallon higher than a year ago.
Across the country, the national average price of gasoline has risen 11.8 cents per gallon in the last week to $4.06 per gallon today.
ALSO READ | One year later, analysts say strategic trade preferred over tariffs
The national average is up 65.1 cents per gallon from a month ago and 85.0 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering more.
BE THE FIRST TO COMMENT
“Gasoline prices are poised for another jolt this week, with many inland states—including the Plains, Great Lakes, and parts of the Rockies— likely to see sharp increases as last week’s surge in wholesale costs has yet to be fully passed through to consumers,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, some price-cycling markets could also see another round of increases. As a result, the national average could rise by double digits, potentially reaching the $4.20 to $4.35 per gallon range in the days ahead. Diesel prices continue to climb as well and now sit just 25 cents away from setting a new all-time record. Recent escalations between the U.S. and Iran have further intensified concerns about prolonged disruptions to global oil flows, keeping markets on edge. At this point, the trajectory of fuel prices remains highly uncertain and is largely contingent on the reopening of the Strait of Hormuz— until that occurs, the risk of further increases remains firmly in place.”
Local Story
