Gas Prices Fall To 2-Year Low And They May Keep Declining
BALTIMORE (WJZ) — Drivers are getting a pleasant surprise at the pump as gas prices fall to a two-year low.
Monique Griego has more on the reason for the drop and why they could go even lower.
There are places in Baltimore where you can get gas for between $3.11 and $3.15 a gallon. According to AAA, this is just the beginning and prices are going to continue to drop.
Surprising numbers on gas station price boards are pushing drivers to pull over.
“That’s why I stopped here, really, because I saw it was so low,” said driver Goldie Wilson.
After years of constant upticks, gas prices in Maryland and across the country hit a two-year low.
“We’re seeing a steady decline of prices,” said Ragina Averella, AAA.
Averella says right now in Maryland, the average cost for a gallon of gas is $3.23. That’s slightly higher than the national average of $3.21 but overall, prices are 23 cents lower than they were this time last year.
“I must admit, they affect me. I go and search for the lowest price in the city of Baltimore,” said driver Sarah Lord.
While gas prices usually go down over the winter, this year’s drop is even more significant.
“A number of factors are in play. We certainly have ample supply; we’re seeing less demand,” Averella said.
AAA says part of the drop in demand has to do with the low amount of hurricanes this year.
“All things remaining the same, we certainly expect prices to continue to trend downward and possibly through to the end of the year,” Averella said.
That’s a prediction drivers are hoping to ride out.
“I’m on a fixed income and I really can’t afford to pay high prices for this gas,” Wilson said.
AAA says the average price could get around the $3 a gallon mark by the end of the year.
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