Gas Prices

When It Comes to Gas Prices, May Starts Off Meh

By: Andrew Gross

car driving in the rain

WASHINGTON, D.C. (May 2, 2024)—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.”

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