Lower demand has lowered prices, but the lull could end as summer driving season heats up
Posts tagged as “miles driven”
Today’s national average of $4.89 is nine cents less than a week ago, 30 cents more than a month ago, and $1.80 more than a year ago.
The slight drop in gas demand has helped to limit pump price increases. However, as crude oil prices remain volatile, the price per gallon for gasoline will likely remain elevated.
Light vehicle product volume increased at a 60% faster rate than VIO growth from 2016 to 2021, despite COVID-19 and its impact on miles driven.
National average for gas is $5.01 — never seen since AAA began collecting pricing data in 2000.
Today’s national average for a gallon of gas is $4.86, which is 59 cents more than a month ago, and $1.81 more than a year ago.
Gas demand may again start to climb as drivers fuel up for the three-month-long summer travel season.
