Rising crude oil prices continue to push gasoline prices slightly higher with the Memorial Day holiday weekend less than one week away. The national average price for a gallon of regular unleaded gasoline rose to $3.62 Friday. This price is six cents more expensive than one week ago and even with prices from one month ago.
Gas prices have been on a downward trend throughout the spring season and could continue to slide well into summer, according to many analysts.
Half of U.S. adults consider gas prices to be “too high” when it reaches $3.44 per gallon, indicating a potential breaking point on gas prices, according to a new consumer price index developed by AAA. Roughly two-thirds of Americans (62 percent) are offsetting high gas prices by changing their driving habits or lifestyle.
Motorists across the country continue to feel relief at the pump as gas prices in every state are lower than one week ago. The national average price for a gallon of regular unleaded gasoline dropped to $3.51 Friday. This price is five cents less expensive than one week ago, 19 cents less than one month ago and 38 cents less than one year ago.
Gas prices continued their downward trend, with motorists in every state enjoying year-over-year price relief at the pump, including declines of more than 40 cents per gallon in some states. The national gas price average dropped to $3.56 Friday.
The national average price of gasoline decreased during March for the first time in 10 years, and gas prices now average more than 30 cents per gallon less than a year ago.
Gas prices began the month of March at $3.77 per gallon, just two cents below the mid-winter peak price of $3.79 just two days prior (February 27). Over the past four weeks, the national gas price average dropped 13 cents to $3.64 Friday. This price is five cents below the week-ago price, 15 cents below the month-ago price and 28 cents less expensive than the year-ago price. Since March 1, the national average has fallen 23 of 29 days, dropping 13 cents (from $3.77 on March 1).