US national gas price average decreased 3 cents to US$3.64 in week ended May 9, and was 4 cents higher month-over-month; gas demand increased from 8.62 to 8.79 million b/d, total domestic gasoline stocks increased by nearly 1.0 million bbl: AAA

WASHINGTON , May 10, 2024 (press release) –

Gas prices posted a quiet week, with the national average drifting lower by three cents to $3.64 since last Thursday. Tepid pre-Memorial Day domestic demand and oil costs below $80 a barrel are the likely culprits.

“The current news cycle is jam-packed, so not having gas prices in the mix should be a welcome relief,” said Andrew Gross, AAA spokesperson. “Most consumers will probably see pump prices barely budging for now. That’s important because, on May 13, AAA will release the Memorial Day travel forecast, which could be a robust weekend for car trips. Stay tuned!”

For the complete report, including the latest EIA data and oil market dynamics, please visit: https://gasprices.aaa.com/for-pump-prices-no-news-is-good-news/

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.