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.