Americans celebrating Memorial Day by hitting the road will likely be paying the cheapest gas prices since 2003.
GasBuddy, a fuel savings platform, said Tuesday that it forecasts the national average price of gasoline to be $3.08 per gallon on Memorial Day. That would make it the cheapest since 2021 in nominal terms. After adjusting for inflation, it would be the lowest since 2003.
This is not expected to be short-lived. Prices of gasoline are expected to average around $3.02 per gallon between Memorial Day and Labor Day, with prices falling below three dollars on some days.