After holding steady for five days, the national average has started to decline. Today’s national average for unleaded regular gasoline is $2.96. However, gas prices are expected to remain high this summer – driven largely by increased oil prices. When compared to last year at this time, WTI crude prices are approximately $20-25 more expensive. Oil prices have risen steadily since OPEC and other major oil producers, including Russia, put a supply reduction agreement in place at the beginning of 2017. The agreement is scheduled to dissolve at the end of 2018.
National Average Drops a Penny after Busy Memorial Day Weekend