Why are Gas Prices So High in Maryland?
If you are a resident of Maryland, you will notice the increased price of gas. And you may wonder why are gas prices so high in Maryland and what factors contribute to this.
You will get all the information you need on the reasons why gas prices have gone so high in Maryland.
Moreover, residents of the state will get answers to other questions about gas prices in the state, like what is the price of gas in Maryland currently? Why is the gas price going up in the state? And what factors contribute to the high price of gas in Maryland.
Find out below!
Why did gas go up in Maryland?
The major factor leading to high gas prices in Maryland is the gas tax rate. The residents of the state pay one of the highest taxes on gas, and it has less to an increased price of gas in the state.
In addition, gas prices in Maryland are determined by the cost of importing gas into the state, which also affects how much residents of the state will buy a gallon of gas.
How much is gas in Maryland right now?
For motorists in Maryland to drive, they must buy a gallon of gas for at least $3.73 for unleaded products and $4.44 for premium gas. However, this price is not stable, as shown in the table below.
| Regular | Premium | |
|---|---|---|
| Current Avg. | $3.73 | $4.44 |
| Yesterday’s Avg. | $3.73 | $4.44 |
| Week Ago Avg. | $3.72 | $4.44 |
| Month Ago Avg. | $3.73 | $4.44 |
What is Maryland’s gas tax?
Beginning on July 1, residents of Maryland will start paying 47 cents per gallon of gas they purchase. Of course, this will also lead to an increase in the price of gas in the state. This also demonstrates how much the tax rate on gas determines the amount the residents of Maryland pay for gas.
Why are gas prices so high in Maryland?
So, why are gas prices so high in Maryland? The major factors are the tax rate on the product and the cost of importing gas into Maryland. These two factors contribute to the high cost of gas in the state.
In addition to the factors above, the cost of crude oil, the demand for gas, the supply of gas, and the time of the year also contribute to the price of gas in the United States, including Maryland.
What was the highest gas price in Maryland?
According to reports from AAA, the highest recorded gas price in the history of gas prices in Maryland was in 2022, when a liter of unleaded gas was sold for $5.07 and $6.049 for diesel.
The reason for the high cost of gas in Maryland at that time was the war between Russia and Ukraine, which led to a low supply of gas globally. Also, the cost of importing the product into the state was also very high during this period.
Is gas cheaper in Maryland than in Pennsylvania?
If you are a driver in Maryland, you will be saving about 63 cents per gallon of gas than the residents of PA. A gallon of gas in Maryland is sold for $3.69, while the residents of Pennsylvania will pay around $4.00 to buy a gallon of gas.
The major factor thy causes this difference is the tax rate in these states. While the residents of Maryland pay around 47 cents per gallon of gas, residents of PA pay a higher tax rate for a gallon of gas. In other words, if you live in Maryland, you will save more on gas than the residents of Pennsylvania.
Another factor that makes gas prices higher in PA is because of the cost of importing gas into the state.
