Gas Prices Continue To Fall

In Frederick a gallon of regular is $2.38

Towson, Md. – This week motorists in 32 states, including in Maryland, are paying less to fill up compared to a year ago. As the national gas price average drops to $2.46 per gallon, it sets a new low price for the year and is cheaper than a year ago by two cents.

The last time the daily national gas price average was cheaper year-over-year was 18 months ago on July 6, 2017, when gas prices were $2.24.

In Frederick a gallon of regular gas is $2.38. In Hagerstown it’s $2.49.

“Cheap crude oil prices are driving fuel savings at the pump,” said Ragina Cooper Averella, Manager of Public and Government Affairs at AAA Mid-Atlantic. “Last week crude dropped to its lowest point of the year at $50 per barrel. However, this week’s Organization of Petroleum Exporting Countries (OPEC) meeting could cause crude oil prices to jump if the organization decides to reduce crude production.”

OPEC is expected to make an announcement on crude production at its December 6 meeting in Vienna, Austria. The scheduled OPEC meeting has not had a negative impact on pump prices so far.

At $2.20 per gallon, Delaware has the cheapest gas price average of any state in the Mid-Atlantic and Northeast region. Maryland’s average price is $2.37 per gallon.