U.S. Gas Prices Hold Steady, Remain Among Lowest in Years Despite Regional Swings
As of May 28, 2025, U.S. gasoline prices average $3.16 per gallon, slightly up from the previous week but 41.7 cents lower year-over-year, according to the EIA. GasBuddy reports a similar trend, with prices 3.1 cents higher than a month ago but 43.0 cents lower than last year, and the most common price holding steady at $2.99.
Despite not dropping as much as expected for Memorial Day, gas prices remain among the most affordable since 2021 when adjusted for inflation.
Patrick De Haan of GasBuddy predicts stable prices through summer, barring disruptions from hurricane season, with national averages unlikely to rise above $3.30 or fall below $3.
Regional prices vary, from $2.72 in the Gulf Coast to $4.25 on the West Coast, which saw the biggest weekly increase. Mississippi and Louisiana continue to offer the cheapest gas, with 20 states reporting averages at or below $2.99, slightly fewer than in prior weeks.
Auto Industry Faces Price Hikes and Uncertainty as Tariffs Are Reinstated Amid Legal Battles
On May 29, 2025, a U.S. Court of Appeals temporarily reinstated certain auto tariffs despite a prior ruling by the U.S. Court of International Trade deeming them unauthorized under the International Emergency Economic Powers Act, leaving the auto industry in legal uncertainty.
Canadian Auto Sales Show Resilience Amid Tariff Uncertainty
In May 2025, the Canadian auto industry faced significant uncertainty, largely due to the postponement of Trump’s proposed 25% tariffs on CUSMA auto parts, which averted immediate market disruption.