Good news for drivers: This Memorial Day gas prices could be the cheapest in years
A record number of Americans are traveling this holiday weekend and for the estimated 39.4 million driving, gas prices are the lowest in four years.
AAA forecast that a record number of Americans would be taking advantage of the extra day off for the Memorial Day holiday weekend to travel this year. Around 39.4 million of those travelers will set off on the open road to reach their destinations.
Thankfully for them, the Monday before the unofficial start to summer and road tripping season saw gas prices at their lowest levels for this time of year since 2021. The national average price per gallon was $3.17 on 19 May and according to the US Energy Information Administration the price of gasoline is expected to get cheaper as the summer goes on.
Where is gasoline the cheapest and most expensive in the USA?
Drivers who are out on the road this holiday weekend, depending on where they are, could see an average price difference of between roughly $2.65 in Mississippi and $4.85 in California according to AAA. Here are the ten most expensive and cheapest states to fill up on average in the United States as they prepare to travel on Memorial Day.
10 cheapest states
- Mississippi $ 2.65
- Louisiana $ 2.71
- Alabama $ 2.74
- Texas $ 2.75
- Tennessee $ 2.76
- South Carolina $ 2.77
- Arkansas $ 2.78
- Oklahoma $ 2.79
- Kentucky $ 2.84
- Missouri $ 2.85
- North Carolina $ 2.86
10 most expensive states
- California $4.85
- Washington $4.42
- Hawaii $4.48
- Oregon $4.02
- Nevada $3.92
- Alaska $3.64
- Illinois $3.43
- Arizona $3.36
- Pennsylvania $3.30
- Idaho $3.30
- Utah $3.26
Usually the price of gas goes up as the summer months approach as refineries switch over to a more expensive blend to keep fuel from evaporating quickly in the heat and demand increases. The uptick this year has been slower than in the past few years according to data from GasBuddy.
The company expects the price of gas to fall throughout the summer months, potentially going below $3 on average in the second half of the summer. Weighing down the price is lower demand in general due to “economic jitters” and “influenced by lower crude oil costs” as OPEC increases production and with the potential for a nuclear deal with Iran.
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