WASHINGTON, D.C. (May 30, 2024)—The national average for a gallon of gasoline has fallen by a nickel since last week to $3.56, the largest one-week drop thus far for 2024. The primary reasons are tepid demand and a lower oil price.
“Gas prices will likely keep up this slow sag now that we are past the Memorial Day travel weekend and more locations, east of the Rockies, will be selling gas below $3 a gallon,” said Andrew Gross, AAA spokesperson. “But it’s time to start weather watching as the Atlantic Hurricane Season begins June 1st, and forecasters predict it will be very active. A storm impacting the Gulf Coast oil production and refining centers could push prices temporarily higher, so stay tuned.”
For the complete report, including the latest EIA data and oil market dynamics, please visit: https://gasprices.aaa.com/pump-prices-keep-slip-slidin-away-as-atlantic-hurricane-season-looms/