Gas Price Record Worsens: 1,245 Days above $3 a Gallon

May 20, 2014 - 3:36 PM

Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high.

May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That's nearly three-and-a-half years above $3 a gallon.

USA Today reported last September that, for the first time ever, gas prices had been higher than $3 a gallon for 1,000 consecutive days - beginning Dec. 23, 2010, through Sept. 17, 2013. Unfortunately, that awful record streak of sustained highs has not been broken. Gas prices dipped in the fall, down to $3.179 (Nov. 12), but surged again.

The national average on May 20, 2014, for regular gas was $3.642 a gallon, slightly less than the $3.653 a gallon average one year earlier.

On May 18, USA Today turned to the issue of gas prices again writing that "rumors about the demise of U.S. gasoline demand have been greatly exaggerated." Javier E. David of CNBC wrote for USA Today that international factors were keeping prices high and "defied the gravitational pull" of factors "that should blunt demand."

AAA's Memorial Day forecast predicted 31.8 million people will be driving over the holiday and that gas prices will be "relatively similar" to where they were Memorial Day 2013.

ABC, CBS and NBC morning and evening news shows haven't spent much time on gas prices, lately. A Nexis search yielded only 11 stories mentioning what was going on with gas prices in the past three months.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.