U.S. gasoline prices are down from 2022 heading into Memorial Day weekend

U.S. gasoline prices are down from 2022 heading into Memorial Day weekend

From eia.gov

The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26% (or $1.24/gal) lower than the inflation-adjusted price a year ago. Memorial Day gasoline prices last year were the highest since 2012. The American Automobile Association (AAA) expects 6% more miles traveled this Memorial Day weekend compared with last year because of lower gasoline prices. Although retail gasoline prices have come down from a year ago, they remain higher than during the period from 2019 through 2021. Retail gasoline prices have fallen from last year ... (full story)

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