May 24, 2025

The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago.

Thanks to the ongoing slide in oil prices, after adjusting for inflation (real terms) average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, according to EIA calculations. They are in fact, lower than where they were coming into Memorial Day every year this decade except 2020, in the immediate aftermath of covid.

Source: US Gasoline Prices Heading Into Memorial Day Weekend Lowest Since COVID

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