Memorial Day Weekend marks the beginning of the summer driving season. This year drivers – if they have somewhere to go – will have the cheapest gas prices in 5 years.
Since oil prices have collapsed, gas prices have followed suit.
As has been the case for the last 5 years, California motorists will pay about $0.80 – $1.00 more per gallon than other consumers in the US. This is likely due to California’s Carbon policies as well as the fact California has a special blend of gasoline for smog that can only be produced by California refineries.
It will be interesting to see if people drive more this summer because of the concerns about flying or if the fact that very few things are open and the economic concerns stop them.