Gasoline Prices: Down a Dollar from last year on Memorial Day

According to Gasbuddy.com (see graph at bottom), gasoline prices are down to a national average of $2.75 per gallon. One year ago for the week of Memorial Day, prices were at $3.75 per gallon, and for the same week two years ago prices were $3.70 per gallon.

Ten years ago, price were at $2.17 per gallon, and fifteen years ago at $1.57.

Memorial Day	Weekly Average Gasoline Price
29-May-00	$1.57
28-May-01	$1.74
27-May-02	$1.43
26-May-03	$1.53
31-May-04	$2.10
30-May-05	$2.17
29-May-06	$2.94
28-May-07	$3.25
26-May-08	$3.99
25-May-09	$2.49
31-May-10	$2.84
30-May-11	$3.90
28-May-12	$3.73
27-May-13	$3.70
26-May-14	$3.75
25-May-15	$2.75

According to Bloomberg, WTI oil is at $59.40 per barrel, and Brent is at $65.37 per barrel.  Last year on Memorial Day, Brent was at $110.01 per barrel, and two years ago Brent was at $103.77.

Note: If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by GasBuddy.com

from Calculated Risk http://ift.tt/1cWi8FC
via YQ Matrix