Average gas prices will be lower this Memorial Day weekend than they have been at the same point of the calendar since 2021, according to GasBuddy, a company that helps users find the cheapest gas in their area.
Gas prices rose under former President Joe Biden and stayed elevated for most of his presidency, hitting record highs in June 2022, when the national average per-gallon price jumped above $5. At $3.08 a gallon 2025’s Memorial Day weekend average gas prices will be down from last year’s $3.58 national average, making it the cheapest such weekend at the pump at in over 20 years, adjusted for inflation and excluding 2020 on account of pandemic-driven market disruptions, GasBuddy statistics show.
“President Trump has kept another promise to quickly lower energy prices by unleashing the liquid gold under our feet. The proof is in the prices: adjusted for inflation, it’s the second-cheapest price for a gallon of gas on Memorial Day since 2003. Biden’s radical climate policies stifled holiday travel, but Americans will finally see low gas prices this Memorial Day Weekend,” White House assistant press secretary Taylor Rogers said in a statement shared with the Daily Caller News Foundation.
Biden implemented a sprawling and costly green agenda during his presidency, which included numerous regulatory actions intended to curb oil production, including a January 2021 executive order banning oil and gas leasing on federal lands, cancellation of the Keystone Pipeline and a last-minute ban on new offshore oil and gas activity across 625 million acres of federal waters.
Lower gas prices are “because of the president’s energy policies,” White House press secretary Karoline Leavitt said during a Friday press conference.
Gas prices are expected to stay relatively low through the summer, which is peak driving season, according to the GasBuddy forecast. From Memorial Day through Labor Day of this year, the average per-gallon cost of gas is expected to be approximately $3.02 per gallon, with some days forecasted to dip below $3 per gallon later into the season, GasBuddy projects.
Immediately upon returning to the White House, Trump declared a national energy emergency, stating that “the integrity and expansion of our Nation’s energy infrastructure” is “an immediate and pressing priority for the protection of the United States’ national and economic security.”
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