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D.C. Area Gas Prices Nudge Lower

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Gas prices in the D.C. Metro area continue their decline — a reprieve for drivers.
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Gas prices in the D.C. Metro area continue their decline — a reprieve for drivers.

Memorial Day is getting closer, and for the estimated 875,000 area residents planning on driving 50 miles or mmore over the long weekend, gas prices are down a little, pulling back for the sixth straight week off a national peak of $3.94 back in April.

In the Metro D.C. area, gas prices are down about seven cents per gallon from the last week, down from $3.75 to $3.68. In Virginia, the average price for a gallon of gas is a bit lower at $3.53, that's down about a nickel. In the District, a gallon of gas will cost $3.82, down 9 cents from last week.

AAA Mid-Atlantic say some experts believe that gas prices have already peaked in terms of the upcoming summer season, and factors like the relative strengthening of the U.S. dollar and financial turmoil in Europe put downward pressure on the price of oil.

Memorial Day weekend is one of the busier driving holidays for Americans, with 88 percent of Americans planning to take to the roads, according to AAA statistics. That's nearly a two percent increase in the overall number of travelers from last time this year and the most since 2006.

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