Overview

• The national average price for a gallon of regular gasoline is $3.192, up $0.04 from last week but still 14% lower than last year when adjusted for inflation.
• AAA predicts a record-breaking 39.4 million Americans will travel by car this Memorial Day weekend, contributing to increased demand for fuel.
• EIA data shows gasoline demand rose to 8.79 million barrels per day last week, while supply slightly decreased to 224.7 million barrels.
• Regional price disparities persist, with West Coast prices averaging $4.29 per gallon and Gulf Coast prices at $2.79 per gallon, both down year-over-year.
• Experts forecast summer gasoline prices to range between $3.25 and $3.50 per gallon, driven by seasonal demand and crude oil market dynamics.