Log In


Reset Password

Gas edging up for Memorial Day

This week, the national gas price average is $2.91, which is four cents more than a month ago.

Pump prices in April saw minimal movement compared to March, which increased 15 cents from start to finish. Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month.

While April saw slight fluctuations, May is likely to see much larger increases alongside demand spikes, especially closer to Memorial Day weekend.

Compared to May 2019, U.S. gasoline demand is down only 4% and gas prices are on average just 2 cents more.

On the week, the national average increased almost 3 cents. Nine states saw averages increase between 5 and 8 cents, but the majority of states saw increases of 1 to 4 cents. The pump price changes come amid a flux in supply and demand.

For the week ending April 23, the Energy Information Administration reported gasoline stocks saw a small 100,000 barrel build to reach the 135 million barrel mark. That is the highest supply rate since the end of February and an 8.3 million barrel surplus compared to the same time two years ago. While supply increased, demand saw a decrease of 3% to 8.87 million barrels per day.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

May is likely to see much larger increases in gas prices.
Gas prices are expected to increase closer to Memorial Day weekend. TERRY AHNER/TIMES NEWS