Gas Prices Remain Stable Over Memorial Day Weekend

May 29, 2014

Gas prices remained relatively stable as millions of Americans hit the road for the Memorial Day weekend.

Overall, the national average price for a gallon of regular gasoline during the Memorial Day holiday weekend was $3.66, 2 cents more than last year’s holiday average of $3.64.

The holiday weekend average for gasoline in Georgia was $3.62, an increase of 13 cents respectively compared to last year’s holiday.

Increased demand outpaced supplies last week, putting upward pressure on the price of oil and preventing gas prices from falling further.

Oil prices are forecast to decline this week as inventories should be able to meet refinery demand.

Gas prices are also expected to begin their typical June retreat, says AAA Spokesman Mark Jenkins.

The national average price of regular unleaded gasoline is $3.65, 1-cent more than last week.

Georgia’s average of $3.61 dropped 2 cents from last week respectively.

According to motortrend.com, the low gas price in Elbert County remains unchanged from last week’s mark of $3.64.

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