The statewide average for a gallon of gas sits at 1.63 heading into Memorial Day weekend.
Despite the low price Fuel Analyst Don Redman does not expect the roads to be packed as the list of travel destinations is limited right now.
“Anything that has an outdoor attraction will probably get the most population, beaches, that kind of thing, but you are going to be very limited geographically where you can go,” says Redman.
In 2019 the U.S. set a record for Memorial Day travel.
Redman says Memorial Day gas prices haven’t been this low since the Bush Administration.
“We are looking at prices, at least for Memorial Day weekend that we have not seen in at least 20 years. I look back to 2003 as the last time we saw prices similar to what we are looking at right now,” says Redman.
If you are driving into Texas or Mississippi the average for a gallon there is actually a few cents lower, while those headed to Florida will be greeted by prices at 1.87 a gallon.
Redman expects this to be the last holiday weekend that prices will be this low, and by the 4th of July prices will be up, but not by much due to the large inventory of surplus oil on the market right now. The price for a barrel of crude oil is hovering in the low 30s after dipping into the negatives a month ago.
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