MD Gas, Diesel Prices Hit Record Highs As Cost Of Oil Soars

MARYLAND — Maryland gas and diesel prices hit record highs on Monday, AAA reported.

The state's average gas price is now $4.405 per gallon of regular unleaded. Maryland's price is about $1.50 more than this time last year, and it's almost 8 cents above the current national average.

Diesel costs $5.917 per gallon in the Old Line State. That's nearly $2.77 greater than the price a year ago, and it's roughly 38 cents more than the current national average.

These rising prices coincide with the surging cost of crude oil.

Oil costs $105.73 per barrel as of 3:26 p.m., Business Insider reported. That's still below the recent high of $127.98 set on March 8, but the current price is nearly double the recent low of $68.87 set on Dec. 1, 2021.

“With the cost of oil accounting for more than half of the pump price, more expensive oil means more expensive gasoline," AAA spokesperson Andrew Gross said in a Monday press release. “These prices are creeping closer to those record high levels of early March.”

The national average gas price is $4.328, which is a penny less than the record set on March 11.

In Maryland, the price of gas has risen almost 15 cents in the last week. The pump price has also increased by nearly 66 cents in the last month.

The price was lower a month ago because the state temporarily suspended its gas tax.

This 30-day holiday voided Maryland's tax of 36 cents per gallon, slowing the rapidly rising prices at the pump. Maryland Comptroller Peter Franchot called for a 90-day gas tax holiday, but his pitch never gained much traction.

Maryland reinstated its gas tax on April 17, and prices resumed their climb.

Here are the average gas prices around the state. The jurisdictions are listed from most expensive to cheapest.

1. Montgomery County: $4.473
2. Howard County: $4.443
3. Prince George's County: $4.435
4. Dorchester County: $4.418
5. Worcester County: $4.409
6. Cecil County: $4.406
7. Somerset County: $4.405
8. Baltimore City: $4.403
9. Talbot County: $4.403
10. St. Mary's County: $4.402
11. Anne Arundel County: $4.401
12. Harford County: $4.400
13. Calvert County: $4.399
14. Wicomico County: $4.397
15. Baltimore County: $4.393
16. Frederick County: $4.388
17. Charles County: $4.386
18. Kent County: $4.386
19. Queen Anne's County: $4.385
20. Caroline County: $4.379
21. Carroll County: $4.376
22. Washington County: $4.291
23. Garrett County: $4.225
24. Allegany County: $4.222

To explore more gas data, check out this tool from AAA. Business Insider tracks the real-time price of oil at this link.

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