May 2016, Vol. 243, No. 5

Web Exclusive

Memorial Day Gasoline Prices Lowest since 2009

The U.S. average retail price for gasoline was $2.30 per gallon (gal) on May 23, 47 cents per gallon (cents/gal) lower than at the same time last year, and the lowest average price just before Memorial Day weekend (the start of the summer driving season) since 2009. Lower gasoline prices reflect lower crude oil prices, with the spot price of North Sea Brent crude $16 per barrel (b) lower than at the same time last year, despite a price increase of more than $20/b since the last week of January. Average retail gasoline prices for all regions of the country are below their year-ago values. The West Coast price is the highest at $2.66 per gallon, even though it is 83 cents/gal lower than at th

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