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Gas Price Report: Week of May 13, 2019

The national gas price average makes its largest weekly decline in three months.

After months of steady increases, gas prices are slowly declining across the country, dropping the national average down three cents on the week to $2.86. This week’s price is four cents cheaper than last month and the same price as one year ago.

“This is the first time in three months gas prices have shown consistent signs of declining,” said Jeanette Casselano, AAA spokesperson. “However, there are many factors that could quickly push up prices in the coming weeks, including the impact of Chinese tariffs, weather, a major draw in gasoline stock levels, a spike in demand or the volume of Memorial Day weekend travel.  Pump price movements this week will indicate if motorists will continue to see cheaper gas prices or if this was just a one-week fad.”

National average: $2.86

Local state averages:

CT: $3.00        MA: $2.85       NH: $2.75       NJ: $2.92         NY: $2.96       RI: $2.87

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Historical Context

This week in history: May 15, 1940

McDonald’s opens its first restaurant in San Bernardino, California.

National gas price average in 1940: $0.18

Cost to fill a tank (1940/2019)

Toyota 4Runner

$4.14/$65.78

Buick Envision

$3.11/$49.48

Volvo S60

$2.61/$41.47

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/Mobile.

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