The surge in demand during the week ending May 23 reached 9.45 million barrels a day, an increase of more than 800,000 barrels a day, or 9%, over the prior week, according to the Energy Information Administration. That’s the highest demand reading for the week leading into Memorial Day since 2018, and it contributed to a sizable drop in gasoline inventories across the nation, including a nearly 3-million-barrel decline in the Northeast. Supplies of gasoline now sit at a 2025 low and are down 5.8 million barrels from the comparable week of last year.
Normally, strong demand and tightening inventories would spur price increases at the pump, but oil prices remained suppressed thanks to market expectations for more crude production around the world, especially from OPEC+ member nations. The group last week agreed to increase production in July by about 400,000 barrels a day — the third straight month of production increases. Uncertainty about global demand and trade also are quelling market activity that could push prices higher.
“Based on gasoline demand, the lead up to the Memorial Day holiday kicked off the summer driving season with gusto,” said Jillian Young, director of public relations for AAA Northeast. “But one strong week isn’t enough to significantly move retail gasoline prices, especially with domestic production continuing near record levels.”
AAA Northeast’s June 2 survey of fuel prices found the national average down 3 cents from the previous week ($3.17), averaging $3.14 per gallon. The June 2 national average price was 4 cents lower than a month prior ($3.18) and 39 cents lower than this day last year ($3.53).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago |
| Connecticut | $3.09 | $3.11 | $3.07 | $3.62 |
| Massachusetts | $3 | $3.01 | $2.98 | $3.51 |
| New Jersey | $3.01 | $3.06 | $3 | $3.48 |
| New York | $3.11 | $3.12 | $3.10 | $3.65 |
| Rhode Island | $2.98 | $3.01 | $2.97 | $3.49 |
*Prices as of June 2, 2025
As of June 2, Mississippi and Texas had the lowest fuel prices in the nation, at $2.64 and $2.70, respectively. California and Hawaii held the highest prices in the nation at $4.77 and $4.47, respectively.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
