We are about one week away from the start of the 2016 Memorial Day Weekend and summer driving season! Can’t wait? Neither can I! With gas prices roughly 44 ¢ lower than this time last year, lots of folks are planning to travel this Memorial Day Weekend, and many are planning to drive.
Today’s report from GasBuddy.com shows the following price updates for regular gasoline:
One Week ago 2.201
One Month ago 2.117
One Year ago 2.713
According to Patrick DeHaan, senior petroleum analyst for GasBuddy.com, “Motorists will be filling up their tanks with the cheapest summer gasoline since 2005 and we are finding that more people than ever will be taking advantage by hitting the road. As we kick off driving season, gas prices will be nearly a dollar per gallon lower than the 10-year Memorial Day average of $3.15 per gallon. The incredible part is nationally, we’ll be saving $2.6 billion over the long weekend versus the highest-priced Memorial Day weekend in 2011 at $3.78 per gallon.”
This brings me back to the two questions in the subject heading for this post: a) How much are you saving at the gas pump?, and b) What are you spending it on?
Consider leaving an answer to one or both questions using the comment section of this post!
Until then, happy motoring and best wishes for a safe Memorial Day Weekend!
[Post Note: If you like what you are reading, consider following this blog at A Bridge for Business & STEM].