US EditionGas Prices Are Set for Their Cheapest Memorial Day Since 2021
- GasBuddy forecasts that the average cost for a gallon of gasoline nationwide will drop to $3.08 on Memorial Day 2025, marking the lowest price at this time of year since 2021.
- This drop follows a 20% plunge in U.S. Oil prices driven by Saudi Arabia's increased production and economic pessimism, amid ongoing trade war concerns.
- About 39.4 million Americans are projected to drive during the Memorial Day holiday, marking a 3% rise compared to last year, supported by decreased fuel and travel expenses.
- Patrick DeHaan of GasBuddy noted that Americans "have to work less to fill up their tank," while Bob McNally said Trump’s efforts on OPEC have helped lower crude prices.
- The lower gas prices provide a visible relief amid inflation and economic worries, suggesting summer fuel costs may remain favorable despite ongoing global uncertainties.
37 Articles
37 Articles
Northeast Ohio gas prices dip ahead of Memorial Day travel weekend
Gas prices are dropping just in time for Memorial Day weekend. Northeast Ohio drivers are paying less at the pump than a month ago—and far less than last year. Here's what AAA says is behind the dip and what to expect this summer.
Memorial Day Gas Prices Collapse to $3
On Memorial Day of 2022, the average price for a gallon of regular gasoline nationwide was $4.60. This year, it will be a few cents above $3 and much lower than that in many parts of the country. Welcome to Memorial Day, when crude oil prices cratered. 24/7 Wall St. Key Points: On Memorial Day, the average price for a gallon of regular gasoline nationwide will be near $3. That price could fall more by mid-summer, freeing up discretionary inco…
Memorial Day weekend gas prices expected to be among the lowest in decades
When adjusted for inflation, gas prices are expected to be among the lowest for a Memorial Day weekend in recent decades, according to an analysis by GasBuddy.The average gallon of gas for Memorial Day weekend is expected to be around $3.08. When adjusted for inflation, gas prices for Memorial Day weekend 2025 should be the second-lowest since 2003.Gas prices in 2020, when the United States was heavily impacted by the COVID-19 pandemic and few p…
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