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

The Week

Since last Friday, the national average, along with the average for Maryland, has decreased by a penny or two. Although today’s national prices are slightly higher than one month ago, they are at least 36 cents lower than last year. In the new weekly report from the Energy Information Administration (EIA), gas demand decreased again, helping pump prices to decline. Low demand will likely help pump prices continue their descent as summer fades to fall. 

 

The gas price average in Maryland today is $2.26, down one cent in the last week, and 17 cents from this date last year. The month-over-month statewide average is unchanged.

 

Today’s national gas price average is $2.20, down two cents in the last week, up three cents in the last month, and down 36 cents from this time last year.

 

CURRENT AND PAST GAS PRICE AVERAGES

Regular Unleaded Gasoline

 

 

 

Today

 

Week Ago

 

Month Ago

 

Year Ago

 

National

 

$2.20

 

$2.22

 

$2.17

 

$2.56

 

Maryland

 

$2.26

 

$2.27

 

$2.26

 

$2.43

 

Annapolis

 

$2.24

 

$2.27

 

$2.26

 

$2.37

 

Baltimore

 

$2.26

 

$2.28

 

$2.26

 

$2.38

 

Cumberland

 

$2.17

 

$2.19

 

$2.17

 

$2.58

 

Frederick

 

$2.21

 

$2.24

 

$2.22

 

$2.42

 

Hagerstown

 

$2.21

 

$2.23

 

$2.12

 

$2.49

 

Salisbury

 

$2.27

 

$2.28

 

$2.24

 

$2.36

 

Washington Suburbs

(MD only)

 

$2.28

 

$2.29

 

$2.28

 

$2.56

 

Crude Oil

 

$37.33

per barrel

(9/11/20)

 

$39.77

per barrel

(9/04/20)

 

$42.01

per barrel

(8/14/20)

 

$54.85

per barrel

(9/13/19)

 

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $37.33 per barrel, $2.44 lower than last Friday’s close. Domestic crude prices decreased after EIA’s weekly report revealed that total domestic crude inventories increased, signaling that crude demand is starting to decline. Crude prices may continue to drop if production does not rebalance to meet lower demand ahead of fall, which typically sees fewer drivers hitting the roads for trips due to colder weather. 

 

The Weekend

“Summer may be fading into the rearview mirror, but less expensive gas prices are not,” says Ragina C. Ali, Manager of Public and Government Affairs for AAA Mid-Atlantic. “Moving into fall, we traditionally see a drop in demand and further savings at the pump. This year that means pump prices could possibly push even lower than we’ve already seen in 2020.”

 

The Week Ahead

Motorists saw plenty of savings at the pump from Memorial Day through Labor Day. The national gas price average during the unofficial start and stop to summer was $2.15 – the cheapest since 2004. Demand was decimated this summer, which ultimately meant increased supply and cheaper gas prices. That trend continues, however, conditions in the tropics could change that, as the very active hurricane season continues.

 

 

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

 

Next Weekend Gas Watch: Friday, September 18, 2020

Follow us on Twitter: @AAAMDNews

Like us on Facebook: AAA Mid-Atlantic News

Mailing Address:
8600 LaSalle Road, Ste 639
Towson, MD 21286

AAA provides automotive, travel and insurance services to over 60 million members nationwide and nearly 988,000 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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