Gas Prices Dip to Lowest Level for Memorial Day Travel

Americans hitting the road this Memorial Day weekend will find some financial relief at the pump, with gas prices expected to hit their lowest inflation-adjusted levels since 2021, according to new data released Tuesday, The Hill reported.

GasBuddy, a fuel savings platform, released an analysis Tuesday showing the national average price for a gallon of gasoline is projected to be $3.08 on Memorial Day, May 26. That marks the lowest rate for the holiday weekend in three years, adjusted for inflation.

Summer gas prices are expected to remain low, with an average of $3.02 per gallon forecast between Memorial Day and Labor Day.

"While we're forecasting the lowest summer gas prices in years, economic jitters are slightly dampening optimism — but we still expect a robust travel season, with millions of Americans hitting the road, many for extended trips," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Rather than canceling plans, travelers are becoming more strategic with their spending."

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