AAA Mid-Atlantic Report Shows Continuous Gasoline Price Increase

The Weekend Fuel Report of the Mid-Atlantic AAA shows that the current gasoline price reflects a continuous rise in a three-week period and the increases may not cease until the end of August.

Regular gasoline’s nationwide average has been forecasted to increase this week in Hagerstown from $3.39 to $3.45 a gallon and from $3.39 to $3.44 per gallon throughout Maryland.

According to the Fuel Price Finder website of the AAA, the recent average of Hagerstown’s gasoline prices was at $3.40 a gallon.

The recent per gallon price of regular grade, premium grade, 93-octane grade and diesel at United Petroleum located in Pennsylvania Avenue was $3.37, $3.59, $3.69 and $3.74 respectively.

The gasoline prices today of regular, plus and premium grade at the Shell station located in U.S. 40 and Nottingham Road’s intersection are $3.45, $3.59 and $3.75 a gallon respectively.

Eastern Boulevard’s Sheetz Station between Jefferson Boulevard and Dual Highway sold regular, plus, 93-octane and diesel fuels at a per gallon price of $3.42, $3.52, $3.72 and $3.75.

The Sunoco gasoline station near Williamsport has its gasoline prices today at $3.39, $3.55, $3.75 and $3.79 a gallon for its regular, plus, 93-octane and diesel gas respectively.

The Exxon gas station at Dual Highway and Edgewood Drive’s intersection sold their per gallon gas prices of $3.39, $3.49, $3.59 and $3.75 for regular, plus, 93-octane supreme and diesel respectively.

The current gasoline price average projected throughout the remainder of the state also increased. The per gallon gas prices move higher from $3.39 to $3.41 in Cumberland, from $3.38 to $3.43 in Baltimore, from $3.41 to $3.46 in the suburbs of Washington D.C., and from $3.34 to $3.42 in Salisbury.

The latest crude price per barrel of $92.66 reflects an increase from last week’s $86.08 but a decrease from last year’s $97.50.

By: Chris Termeer

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

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