July 25, 2022

The national average for a gallon of gas, as tracked by AAA, has fallen 17 cents over the past week as prices continue to pullback from the all-time average high of $5.02 set in mid-June. Today’s national average of $4.35 is 55 cents less than a month ago and $1.20 more than a year ago. Over 25,000 stations are now back to $3.99 per gallon, or less, after 38 straight days of declines.

We are also monitoring the broad-based declines in other commodity prices from recent highs. Though most commodity groups remain well above their pre-Covid levels (food and energy in particular), sustained declines may suggest an encouraging shift in the inflation trend.

 


Maryland Capital Management, LLC. 
Last updated July 2022. This material has been prepared solely for informational purposes and is not intended to provide, nor should it be relied upon for, accounting, legal, tax, or investment advice. The information provided herein has been obtained from sources we consider reliable, but we do not guarantee its accuracy or completeness. These materials are subject to change, completion, or amendment from time to time without notice, and Maryland Capital Management, LLC. (“MCM”) is not under any obligation to keep you advised of such changes. The views expressed are those of the author as of the date referenced and are subject to change at any time based on market or other conditions.