Gas prices drop after Memorial Day travel period

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Gas prices in Delaware dropped about a dime a gallon during the past week despite a Memorial Day travel surge, with AAA estimating that more than 37 million Americans drove to their holiday destinations. 

“Although millions hit the road last weekend, gasoline demand fell,” said Andrew Gross, AAA spokesperson. “Meanwhile, the cost for a barrel of oil dropped below $70 per barrel. Pump prices could dip further as the start of summer approaches.” 

The pricie of crude oil rose above $70 late in the week and into Monday. Prices rose as Saudi Arabia announced it would cut production due to economic uncertainties.

Monday gas priceRegularMid-GradePremiumDiesel
Current Avg.$3.410$3.869$4.146$3.702
Yesterday Avg.$3.426$3.888$4.170$3.736
Week Ago Avg.$3.491$3.923$4.195$3.788
Month Ago Avg.$3.395$3.843$4.069$3.830
Year Ago Avg.$4.713$5.017$5.266$5.933
From AAA

According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.43 to 9.1 million barrels a day last week.

One possible factor could be more fuel-efficient vehicles, including hybrids and battery-electrics.

Total domestic gasoline stocks dropped slightly to 216.1 million barrels. If gas demand declines, drivers will likely see pump prices fall further, AAA reported.

Since last Thursday, these 10 states have seen the largest decreases in their averages: Arizona (−10 cents), Indiana (−9 cents), Ohio (−8 cents), Wisconsin (−6 cents), Iowa (−7 cents), Illinois (−6 cents), Michigan (−5 cents), Delaware (−3 cents), New Mexico (−2 cents) and Louisiana (−2 cents). 


The EIA reported that total domestic commercial crude inventories increased significantly by 4.5 million bbl to 459.7 million barrels last week. Drivers can find current gas prices along their route using the AAA TripTik Travel planner.

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