On Wednesday, the average cost for a gallon of regular gasoline in the country increased slightly to$ 3.02, bucking the downward trend of gas prices. It was less than a one-cent increase from Monday’s cost of$ 3.011.
Despite the increase, AAA estimates that the typical cost for a gallon of regular gasoline is still lower than it was a week ago, when it was$ 3.033.
Oil prices have steadily decreased since the summer, and they are significantly less expensive than they did earlier this year. According to the Energy Information Administration, the recent price for a gallon of regular gasoline is still the least expensive since May 2021, when the average price was$ 2.985 per gallon. In June 2021, oil prices skyrocketed, becoming a financial problem for everyone in America. The average of regular gas climbed to over$ 3 per gallon and, briefly, to over$ 4 per gallon.
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For most of President Joe Biden’s name, gas costs reached record highs. The cost of fuel began to decline later in the year after hitting the highest national average rate in the country’s past in 2022. In 2023, costs resurrected before reaching their highest point in April 2024. In May 2024, oil prices all but started to drop. However, gasoline prices continue to shift nationwide. Hawaii has the most expensive gas prices at$ 4.559 per gallon. However, Oklahoma has the least expensive gas at$ 2.517 per quart.
However, even with this year’s significant increases in fuel costs, the price remains higher now than when President-elect Donald Trump was in business between January 2017 and January 2021. It remains to be seen how Trump’s administration may impact fuel prices now that he is scheduled to take office on January 20, 2025.
Click here to view the most recent petrol prices across the state. Read on to find out the typical price for a quart of regular gasoline in and around Washington, D. C.
Delaware
The typical cost of a gallon of regular gasoline is less than the national average. Unlike the national average, gas prices in Delaware decreased on Wednesday, falling to$ 2.853, a small drop from Tuesday’s cost of$ 2.857. Prices in the state have decreased over the past month after rising to the$ 3-per-gallon mark in October and early November. A week ago, a gallon of regular gas in the First State was$ 2.911, a month ago, regular gas was$ 2.956 per gallon.
Maryland
Maryland‘s oil prices are also less expensive than the regional average, starting at$ 2.969 for a gallon of regular fuel, the same as it was on Tuesday. Petrol prices in Maryland dramatically increased in earlier November, but they have since decreased. Over the past month, they have continued this upward pattern. A week ago, a gallon of regular gas was$ 3.012, and a month ago, a gallon of regular gas was$ 3.043.
Virginia
Unlike Delaware and Maryland, fuel prices in Virginia increased on Wednesday, albeit ever-so-slightly. On Wednesday in the state, a gallon of regular gas is$ 2.892, a small increase from Tuesday’s price of$ 2.889. Virginia‘s fuel prices have been declining for the past month despite this minuscule increase. A week ago, a gallon of regular gas cost$ 2.919 per gallon, a month ago, the cost of gas in Virginia was$ 2.984 per gallon.
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Washington, D. C.
Gas prices in Washington, D. C., continue to be the most expensive in the Delmarva region on Wednesday at $3.224 for a gallon of regular gas. This was a decrease from Tuesday’s price of $3.233. Wednesday’s pricing for gas in Washington, D. C., was essentially the same as a week ago when the gas price was $3.227 per gallon. A month ago, regular gas cost residents in the nation’s capital $3.262 per gallon. Over the last month, regular gas prices in Washington have fluctuated between $3.20 per gallon and $3.31 per gallon.
