Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gas Prices Rising More Slowly—Good News?

May 28, 2004

Motorists will pay record-high gasoline prices over the Memorial Day weekend, according to AAA. The national average for regular self-serve gasoline is $2.05 a gallon, four cents higher than last week's average, and 55 cents higher than last year's average. There could be a silver lining in this cloud," said Carol Thorp, Southern California Auto Club spokesperson. "In recent days, we've observed prices rising much more slowly. Pump prices may be near a plateau, and conditions indicate there could be declines between now and the Fourth of July. But we expect strong demand for gasoline later this summer to push prices to at or above their current levels."This may be the first time that gas prices’ rising more slowly is actually considered good news.Click here to find your state's current average gasoline prices as of 5/28 (from AAA).
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