The national average for a gallon of gasoline wobbled slightly since last Thursday before settling one cent higher at $3.61. The lack of pump price movement is typical in the days leading up to Memorial Day. However, with AAA forecasting a record 38.4 million drivers hitting the road for the long weekend, the price needle could point a bit higher, at least temporarily.
“Since the pandemic, the summer driving season has not seen a surge in demand, which can push pump prices higher,” said Andrew Gross, AAA spokesperson. “So it will be interesting to see if this year bucks that trend. This week’s move by the Biden Administration to sell off the million barrel Northeast Gasoline Supply Reserve might help stave off any regional pump price surges, but likely won’t move the national average that much.”
According to new data from the Energy Information Administration (EIA), gas demand rose unexpectedly from 8.87 million b/d to 9.31 last week. Meanwhile, total domestic gasoline stocks decreased slightly from 227.8 to 226.8 million bbl, while gasoline production increased last week, averaging 10.0 million daily barrels. An increase in gasoline demand paired with falling oil prices could cause pump prices to remain relatively flat for now.
Today’s national average is $3.61, five cents less than a month ago but seven cents more than a year ago.
Quick Stats
The nation’s top 10 least expensive markets are Mississippi ($3.06), Arkansas ($3.10), Oklahoma ($3.12), Kansas ($3.13), Louisiana ($3.16), Texas ($3.17), Missouri ($3.20), Tennessee ($3.21), South Carolina ($3.21), and Alabama ($3.24).
The nation’s top 10 most expensive markets are California ($5.15), Hawaii ($4.78), Washington ($4.58), Oregon ($4.34), Nevada ($4.33), Alaska ($4.32), Illinois ($4.01), Arizona ($3.87), Idaho ($3.78), and Pennsylvania ($3.77).
##RVT1158b
Watched gas jump 10 cents overnight on Thursday, before the start of Memorial Day three day weekend. Greed is as greed does.
Have no fear Tom, the SPR still has 43% to go until it’s dry and with the world at peace and hurricane season already behind us, no real need to have any fuel in reserve at all. May just as well drain it completely and party like its 1999.
Hmmm., this AI generated photo is a real head scratcher.
Separate motorcycle lane maybe?🤔
Whoa da baby Bill, that is a strange photo. LOL. 😂
Thank you, RV Travel! 🙂 I paid $2.81/gallon for 87-octane regular gasoline on Tuesday of this week. (Sorry, Bill. 🙁 ) Thanks again, have a great weekend, and safe travels! 🙂
HaHaHa! $4.89 here, But I still have the mild weather 🙂