The national average price for gasoline rose one cent to $2.18, despite a dip in U.S. demand for gasoline.
The national average price for gasoline rose to $2.17, following continued increases on gasoline demand, and is up four cents from last week.
Gas was one penny more expensive than the previous week, though demand, overall, is still down by nearly 25%.
The national average price for gasoline rose three cents to $1.87 for the start of the Memorial Day work week but is still near lows not seen during the same period of time since 2003 where the average price for fuel was $1.50 on average.
The national average price for gasoline continued to rise slightly, now up to $1.84, though approximately 40 states carry an average of price of $2 per gallon or less.
As the country gradually reopens, certain states are seeing weekly pump price increases of 27 cents (Wisconsin), 19 cents (Ohio) and 16 cents (Indiana).
The market is shifting and you don’t want to be caught off guard. Pay attention to gas prices and retail buying trends, as well as the resale market so you don’t get caught with the wrong vehicle at the wrong time.
Although prices have fallen nationwide recently, five cents since last week and seven cents compared with a month ago, prices remain high in some states in the Western U.S. due to refinery issues in California, AAA stated.
The U.S. Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for this month.
Gas prices have remained steady lately, with an average price for regular unleaded gasoline at $3.54 per gallon, according to AAA’s latest Fuel Gauge Report.
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