AAA Gas Prices: Week of May 8th
The AAA national average gas price fell -3.4 cents to $3.152 last week. This is down -9.4 cents from a month ago but -48.8 cents lower than a year ago.
- In the lull between spring travel and the kick-off to summer, gas demand slid week over week, dropping the national average three cents to land at $3.15. OPEC+ (the group of oil-producing countries) announced Saturday that it will increase output again in June, widening the supply surplus, which could cause crude prices to continue to fall. This means road trippers would see lower prices at the pump this summer.