Detroit Bureau on Twitter

Posts Tagged ‘gas down for summer season’

U.S. Gas Prices Continue to Slide

Even with uptick in summer driving miles, prices remain low.

by on Jun.16, 2017

Gas prices continue to slide even as the summer driving season is nearly in full swing. However, prices aren't expected to drop much more.

Despite record demand for motor fuel over the Memorial Day holiday, which traditionally marks the start of the summer driving season, the price of gasoline has dropped this week and is now less expensive than it was a year ago, according to AAA.

With price of a gallon of gasoline averaging $2.32 per gallon as the price of fuel declined this week in 27 states in the southeast and Midwest, AAA reported. Motorists in several states also saw double-digit price drops.

Stay in the Know!

The national price drop is due to an unexpected build up of crude oil last week combined with ongoing high gasoline production runs, an increase in gasoline stocks and a drop in gasoline demand on the heels of the Memorial Day holiday. (more…)