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2025-05-22 Economy

Memorial Day Set For Lowest Gas Prices in Over 20 Years

[BREITBART] Americans celebrating Memorial Day by hitting the road will likely be paying the cheapest gas prices since 2003.

GasBuddy, a fuel savings platform, said Tuesday that it forecasts the national average price of gasoline to be $3.08 per gallon on Memorial Day. That would make it the cheapest since 2021 in nominal terms. After adjusting for inflation, it would be the lowest since 2003.

This is not expected to be short-lived. Prices of gasoline are expected to average around $3.02 per gallon between Memorial Day and Labor Day, with prices falling below three dollars on some days.

That's likely to bring cheer to the 69 percent of Americans who plan on taking a road trip this summer.

''American road trip culture remains resilient,'' GasBuddy said in a news release announcing their 2025 Summer Travel Survey.

Last summer, the national average price of gasoline was $3.58 per gallon on Memorial Day. This year's lower price reflects increased oil production that has lowered crude oil prices. A barrel of Brent Crude, the global standard for oil prices, is currently priced at $65.07, down significantly from the $83.71 a year ago.

Posted by Fred 2025-05-22 00:00|| || Front Page|| ||Comments [89 views ] Top

#1
Problem is, too many of us are not seeing our Retirement checks and SSA-benefits keeping up with even 1/3 of the estimated inflation and the constantly new taxes.

Posted by NN2N1 2025-05-22 04:27|| 2025-05-22 04:27|| Front Page || Comments Top

#2

BTW: local prices in the Mid-east Ga. are $2.92 at most stations and SAM's is selling it for $2.44

Posted by NN2N1 2025-05-22 04:28|| 2025-05-22 04:28|| Front Page || Comments Top

#3 “Under-control” inflation doesn’t mean a McDonald’s meal isn’t $10. Biden’s controllers screwed us in a way that can’t be unscrewed.

Posted by Super Hose 2025-05-22 08:14|| 2025-05-22 08:14|| Front Page || Comments Top

#4 Isn't so much inflation as gross devaluation of the dollar by the Fed and Treasury. The value of silver in a 1960s coin dollar is now worth $25 dollars. That 1960s McDonalds 15 cent hamburger, fries and small drink, totaled 45 cents, would be $11.50 in today's monopoly money. That $3.02 gallon of gas of today would be 13 cents back then.

Posted by Procopius2k 2025-05-22 09:14|| 2025-05-22 09:14|| Front Page || Comments Top

#5 You could do a mathematical correlation between “stimulus” spending and inflation. The calculation would approach 1.00

Posted by Super Hose 2025-05-22 11:41|| 2025-05-22 11:41|| Front Page || Comments Top

#6 $2.60/gal in Maine at my local warehouse club. I'll take what I can get while I can. The long term outlook for the dollar is not good. Whoever was in charge these last 4 years screwed us good and proper. Fundamentally transformed you might say.

Posted by Difar Dave 2025-05-22 11:43|| 2025-05-22 11:43|| Front Page || Comments Top

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