| Subject: | EIA, forecasts, energy markets |
| Presented by: | Stephen Nalley, Deputy Administrator |
| Presented to: |
U.S. Senate Committee on Energy and Natural Resources Washington, DC—November 16, 2021 |
The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, largely because crude oil prices have fallen. More ›
Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics