Tuesday, May 21, 2013

Gasoline Prices to Hit Highest for a Memorial Day Weekend in Two Years

Gasoline prices at the pump have been climbing for 15 days in a row, and motorists this Memorial Day likely face the highest prices for the holiday since 2011, according to AAA.

The average price for a gallon of regular gasoline was $3.65 on Monday, according to AAA’s Daily Fuel Gauge Report. That was the highest national average since March 26. It’s also up from $3.579 a week ago.

AAA expects the average price to rise over the next few days leading up to Memorial Day, pointing out that the average price on Memorial Day last year was $3.64 and the average for that day in 2011 was $3.79.

Other statistics from AAA (via MarketWatch):

–Gasoline prices saw the largest weekly increase since February – up 7.4 cents per gallon over the previous week.

–Eight states are paying an average of more than $4 a gallon, including Alaska and California.

–Motorists in parts of the Midwest have seen prices spike at rates not seen since Hurricane Katrina


  1. 4.29 or 4.39 is the average for the Twin Cities metro area (Minneapolis-St. Paul). Been there for a week. A couple refineries in Chicago are out of order for maintenance. You should here all the hucksters up here complain.

    "how did they let them shut down 2 refineries at once, who is planning this stuff?"

    The rest of region is going to feel the pinch because the price is so much higher in Chicago that refineries in Minnesota started shipping gas there. Now the price is equal in Chicago and MSP. So there are going to be a bunch of people outside of the greater region shipping gas to take advantage of the higher profit margin.

    Man I wish they would build a refinery in NODAK...hell a Refinery anywhere but I am sure the EPA has that clamped down.

  2. effectively 4.50 is the lowest price I've seen this morning in Chicago. however just getting out into the suburbs the price could drop by as much as 35 cents a gallon.