Gas Prices Inch Upward in May

When It Comes to Gas Prices, May Starts Off Meh

WASHINGTON, D.C.—The national average for a gallon of gas waffled up and down over the past week before settling higher by two cents at $3.67.  The slight increase in pump prices happened despite a lull in domestic gasoline demand and falling oil prices.

“From a demand perspective, we have entered the pre-Memorial Day funk,” said Andrew Gross, AAA spokesperson. “And the cost of a barrel of oil is nearly $10 less than two weeks ago, as oil prices have fallen into the upper $70s. This may keep pump prices somewhat flat for the immediate future.”

For the complete report, including the latest EIA data and oil market dynamics, please visit: https://gasprices.aaa.com/when-it-comes-to-gas-prices-may-starts-off-meh/