by Bill McBride on 5/25/2015 10:11:00 AM
Monday, May 25, 2015
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|
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|