DETROIT -- Memorial Day weekend travelers will see gasoline prices that are only slightly higher than what was charged last year's holiday. But an increase in the price of crude oil for future delivery foreshadows boosts at the pump.
The average price for a gallon of unleaded gasoline stood at $2.11 a gallon on Friday, according to AAA. That compares with $2.05 a gallon a year ago and down from $2.23 one month ago.
Drivers of diesel vehicles are paying an average of $2.25 a gallon for fuel, AAA says. That's down from $2.35 a gallon a month ago. But over Memorial Day weekend 2004, diesel was selling for $1.83 a gallon.
AAA of Hawthorne, Fla., monitors credit card transactions at 60,000 self-serve fuel stations nationwide. AAA posts its findings at www.fuelgaugereport.com
Gasoline is cheapest in Dexter, Mo., at $1.73 a gallon, according to GasPriceWatch.com. The site gathers more than 70,000 prices submitted by spotters.
Those spotters say the most expensive gasoline is in the desert resort town of Rancho Mirage, Calif., near Palm Springs, at $2.91 a gallon.
The price of crude oil for future delivery jumped above $51 a barrel on Friday, after having hovered around the $47 mark earlier in the week. Analysts attributed the jump to an unexpected sharp decline in crude oil stockpiles and the start of the summer driving season.
|National Unleaded Average|
|Month Ago Avg.||$2.23||$2.37||$2.45||$2.35|
|Year Ago Avg.||$2.05||$2.18||$2.26||$1.83|
|*Prices are in US dollars per gallon|
You may e-mail Dale Jewett at [email protected]