National gas price average drops by more than a nickel since May 1

(May 29, 2019) For the 37.6 million Americans who hit the road this past Memorial Day weekend, the vast majority found savings at the pump compared to last year’s holiday. Today, 42 states and Washington, D.C. have gas price averages that are less expensive year-over-year, with Floridians (-31 cents) seeing the largest yearly change. Motorists in West Coast states are the exception, paying nearly double-digits more than last May to fill up, according to statistics compiled by AAA.

“Gas prices have declined, on average, by at least a nickel, for the majority of the country since the beginning of May and that’s a trend motorists can expect to continue into early June,” said Jeanette Casselano, AAA spokesperson.

“Stable crude oil prices are helping to push prices down at the pump despite tight domestic gasoline supply and robust demand. A bump in demand could push prices higher, but only by a few cents.”

Today’s national average is $2.82, which is cheaper than last week by two cents, last month by six cents and last year by 16 cents.

Quick Stats

    The nation’s top 10 yearly decreases are: Florida (-31 cents), Delaware (-28 cents), New Mexico (-27 cents), Kentucky (-25 cents), Texas (-24 cents), Louisiana (-24 cents), Georgia (-24 cents), Mississippi (-23 cents), Alabama (-23 cents) and Michigan (-22 cents).

    The nation’s top 10 least expensive markets are: Mississippi ($2.42), Louisiana ($2.43), Alabama ($2.43), South Carolina ($2.46), Arkansas ($2.48), Missouri ($2.52), Tennessee ($2.52), Texas ($2.52), Oklahoma ($2.55) and Virginia ($2.56).