April Ends with Most Expensive National Gas Price Average Since 2014

Hitting $2.81, today’s national gas price average has reached the highest price per gallon since November 2014. That year, pump prices averaged $3.34, peaking at $3.70 in April and bottoming out at $2.25 in December. This year’s pump prices will not be reminiscent of 2014, but for motorists, filling-up is packing an unwanted punch to wallets.
“Motorist have been spoiled the past few years with inexpensive gas prices,” said Jeanette Casselano, AAA spokesperson. “We expect prices to continue increasing, potentially another 10 cents, through Memorial Day and then will likely stabilize during the summer, with the understanding that if demand spikes, prices are likely to follow.”
On the week, gasoline demand took a notable drop from its record high the previous week, falling by 774,000 b/d, according to the Energy Information Administration (EIA). At 9.083 million b/d, gasoline demand is now more in line with rates typically seen during the spring driving season.
Today’s national gas price average is 16-cents more expensive than last month and 43-cents more expensive that last year at this time.




