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Prices in Maryland are 23.3 cents per gallon higher than a month ago and stand 29.8 cents per gallon lower than a year ago.

GasBuddy also released Independence Day gas price forecast, projecting the national average price of gas fall to $3.15 per gallon on July 4, down nearly 35 cents from last year’s July 4 average to the lowest Independence Day tally since 2021.

Though recent events have caused some turmoil and volatility in energy markets, gas prices have declined due to cooling Middle East geopolitical tensions and increased oil production from OPEC in recent months, GasBuddy said in a press release.

According to GasBuddy price reports, the cheapest station in Maryland was priced at $2.89 per gallon Sunday while the most expensive was $4.19 per gallon.

The national average price of gasoline has fallen 3.8 cents per gallon in the last week, averaging $3.14 per gallon Monday. The national average is up 1.1 cents per gallon from a month ago and stands 32.1 cents per gallon lower than a year ago, according to GasBuddy data.

Historical gasoline prices in Maryland going back 10 years:

• June 30, 2024: $3.55 per gallon.
• 2023: $3.46 per gallon.
• 2022: $4.77 per gallon.
• 2021: $3.01 per gallon.
• 2020: $2.19 per gallon.
• 2019: $2.67 per gallon.
• 2018: $2.79 per gallon.
• 2017: $2.21 per gallon.
• 2016: $2.26 per gallon.
• 2015: $2.75 per gallon.

Neighboring areas and their current gas prices:

Baltimore — $3.25 per gallon, up 7.3 cents per gallon from last week.

Washington, D.C. — $3.27 per gallon, up 10.8 cents per gallon from last week.

Hagerstown — $3.14 per gallon, down 0.6 cents per gallon from last week.

“The national average price of gasoline has resumed its decline, with falling prices driven by easing tensions in the Middle East—just weeks after those same tensions had pushed prices higher,� said Patrick De Haan, head of petroleum analysis at GasBuddy. “For motorists planning to hit the road for Independence Day, gas prices are expected to continue falling nearly coast to coast in the lead-up to July 4. Relief could expand as the holiday weekend approaches, with the national average on track to hit its lowest July 4 level since 2021 at $3.15 per gallon, we project. As long as tensions in the Middle East remain contained and the U.S. avoids a major hurricane, we could see the national average fall below $3 per gallon later this summer.�