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National gas prices continue gradual decline as Memorial Day weekend approaches

  • / Updated:
  • Staff Report 

The national average for a gallon of gasoline fell by four cents this week, reaching $3.60. This decrease is attributed to weak domestic demand and oil prices remaining below $80 per barrel.


Andrew Gross, a spokesperson for AAA, stated, “Barring some unforeseen event, this pokey drop in pump prices is not likely to change anytime soon.” He noted that seven states now have county averages below $3 per gallon, with more expected to follow.

According to the Energy Information Administration (EIA), gas demand rose slightly from 8.79 to 8.87 million barrels per day last week, while gasoline stocks fell from 228 to 227.8 million barrels. Despite the modest pre-Memorial Day demand, steady or falling oil prices could continue to push pump prices lower. Today’s national average is $3.60, four cents less than a month ago but seven cents higher than last year.



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