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Memorial Day weekend gas prices expected to be cheapest in years

  • 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.
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Santa New Mexican broke the news in on Monday, May 19, 2025.
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