Gasoline prices ahead of Memorial Day are higher than 2016, but second lowest since 2009

U.S. Energy Information Administration ------- Gasoline prices heading into Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year's price of $2.30/gal. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of retail regular gasoline was $2.31/gal. Relatively low crude oil spot prices, weaker year-over-year gasoline demand, and high gasoline inventories have contributed to relatively low gasoline prices. The price of gasoline typically increases during spring as refiners switch from winter-grade to more expensive summer-grade gasoline. Summer-grade gasoline has lower volatility, reducing evaporative emissions that can cause ground-level ozone pollution. This year, unlike in many recent years, prices have remained relatively stable as Memorial Day approaches. To learn more click on the picture below to read the article.