From the U.S. Energy Information Administration today:





Source: Provided by GasBuddy.com



Republished May 27, 2016, 8:30 a.m. to correct certain gasoline and crude oil prices.




The U.S. average retail price for gasoline was $2.30 per gallon (gal) on May 23, 47 cents per gallon (cents/gal) lower than at the same time last year, and the lowest average price just before Memorial Day weekend (the start of the summer driving season) since 2009. Lower gasoline prices reflect lower crude oil prices, with the spot price of North Sea Brent crude $16 per barrel (b) lower than at the same time last year, despite a price increase of more than $20/b since the last week of January.



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Tags: Brent , forecast , gasoline , prices , retail prices , STEO (Short-Term Energy Outlook)







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