Gas is 24 cents a gallon cheaper than Memorial Day

Source: Chris Kahn, Associated Press

Gasoline prices usually peak in the summer. This year, however, they peaked on May 5. The subsequent slide in pump prices has made gasoline an average 24 cents a gallon cheaper than what it was on Memorial Day. The national average now stands at $3.55 per gallon. That's the cheapest gasoline has been since late March. It's still higher for this time of year than any other year except 2008 and about 80 cents higher than a year ago.

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moneywise, money, cars, travel

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