John Townsend
Public Relations Manager, DC
O: (202) 481-6820 (ext. 4462108)
C: (202) 253-2171
jtownsend@aaamidatlantic.com

The Week

For the 37.6 million Americans who hit the road this past Memorial Day weekend, the vast majority found savings at the pump compared to last year’s holiday, a trend AAA expects to continue into June.  In the last week, prices in Washington, D.C. and in the metro area have dropped by two cents and are about 20 cents less than this time last year.

 

Today’s national gas price average is $2.82, which is down two cents in the last week, down six cents in the last month, and is 13 cents less than last year’s price.

 

CURRENT AND PAST GAS PRICE AVERAGES

Regular Unleaded Gasoline (*indicates record high)

Today

Week Ago

Year Ago

National

$2.82

$2.84

$2.95

Washington, D.C.

$2.89

$2.91

$3.09

D.C. Metro

$2.74

$2.76

$2.93

Crude Oil

$53.50

per barrel

(5/31/19)

$58.63

per barrel

(5/24/19)

$65.81

per barrel

(6/1/18)

 

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $53.50 per barrel, $5.13 lower than last Friday’s close. This is the lowest price since February 12. The market reacted this week to a smaller-than-expected decline in U.S. crude inventories and continued concern over a U.S.-China trade war. Government data released this week also pointed to a continued increase in production levels that are already at a record level.

 

The Weekend

Gas prices have declined, on average, by at least a nickel, for the majority of the country since the beginning of May, a trend motorists can expect to continue into early June,” says John B. Townsend II, manager of Public and Government Affairs for AAA Mid-Atlantic. “Barring any unforeseen circumstances – economic, geopolitical, and/or weather-related – the highest gas prices of the year are likely in the rearview mirror.”

 

The Week Ahead
Summertime gas price movement could depend on whether the Organization of the Petroleum Exporting Countries (OPEC) members and non-members agree to increase production when they meet in late June, as well as how soon they execute on such increases. Many market analysts believe that the cuts made by OPEC will be extended in an effort to prevent oil prices from falling further. In addition, any unexpected supply disruptions could affect prices are the pump this summer.


AAA has a variety of resources to help motorists save on fuel:

 

                   

AAA is the most comprehensive resource for gas prices.  Unlike the Lundberg Survey of 7,000 gas stations, AAA reports reflect actual prices from credit card transactions at more than 100,000 gas stations in the U.S.

 

Next Weekend Gas Watch: Friday, June 7, 2019

 

 

 

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Washington, D.C. Mailing Address:
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AAA provides automotive, travel and insurance services to 58 million members nationwide and nearly 79,000 members in the District of Columbia.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  The not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel and track their roadside assistance service with the AAA Mobile app for iPhone, iPad and Android. For more information, visit  http://aaa.com

TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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