WASHINGTON, DC (May 8, 2025) – In the lull between spring travel and the kick-off to summer, gas demand slid week over week, dropping the national average three cents to land at $3.15. OPEC+ (the group of oil-producing countries) announced Saturday that it will increase output again in June, widening the supply surplus, which could cause crude prices to continue to fall. This means road trippers would see lower prices at the pump this summer. The national average is nearly 49 cents less than it was one year ago today.
The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 36 cents.
For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/temperatures-may-be-rising-but-gas-prices-are-not/