Baltimore Gas Prices Edge Up

Gasoline prices in Baltimore rose to $3.94 per gallon this week, according to GasBuddy data.

The average cost increased by 2.3 cents from the previous week. This weekly uptick contrasts with a longer-term trend showing prices are 31.1 cents lower than they were in early October. Drivers in the city are currently paying $1.05 more per gallon compared to levels seen a year ago.

GasBuddy surveyed 663 stations in the Baltimore area on Sunday. The data revealed a wide spread in pricing across the region. The lowest recorded price was $3.61 per gallon, while the highest reached $4.39. That 78-cent gap means a driver filling a 15-gallon tank could spend up to $11.70 more at the priciest station compared to the cheapest one.

Statewide figures show even greater variation. Maryland gas prices ranged from $3.42 to $4.84 per gallon, a difference of $1.42. Patrick De Haan, GasBuddy’s head of petroleum analysis, attributed recent national price drops to reduced consumer demand and the completion of refinery maintenance. He noted that the national average fell by 17.1 cents to $4.12 per gallon.

De Haan warned that price stability could be disrupted by post-election oil market volatility. He identified developments in the Strait of Hormuz and Ukrainian strikes on Russian refineries as key factors that could push prices higher. AAA’s Maryland fuel tracker listed Baltimore’s average at approximately $3.95 on November 2.

The national average remains $1.13 higher than it was a year ago. Local station prices continue to fluctuate based on seasonal demand and refinery output.