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Gas Prices Plunge for Memorial Day Weekend

  • U.S. gasoline prices are lower than expected, with the national average under $3.60 per gallon.
  • Lower crude oil prices and weaker demand have contributed to cheaper gas, saving Americans over $1.6 billion this Memorial Day weekend compared to last year.
  • Experts predict gas prices will remain stable over the summer barring global supply disruptions.
  • Cheaper gas prices provide economic relief, especially for lower-income Americans who spend a larger portion of their income on fuel.
  • While gas prices are down, EV sales are still expected to grow, which could push gas prices even lower in the long run.
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