--- title: Gas Prices Have Probably Peaked for the Year description: It looks like gas prices have already reached their highs for 2015. A forecast from AAA calls for gas prices to decline in June and through the summer. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2015-06-01T21:01:32.000Z' modified: '2024-04-16T05:56:29.000Z' section: Personal Finance tags: - AAA - Gas - Gas prices - Oil - road trips - Transportation - Travel word_count: 294 canonical: https://money.com/cheap-gas-prices/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![150601_EM_GasPrices](https://img.money.com/2015/06/150601_em_gasprices.jpg) *Heavy Memorial Day traffic moves southbound and northbound along I-95 May 22, 2015 in Quantico, Virginia.* Unless you live in California, where gas prices have remained [stubbornly high](https://money.com/gas-prices-rise-drivers-gouged/) compared with the rest of the country, you probably aren't agitated by how expensive it is to fill up the tank. That's because, at least relatively speaking, it isn't expensive. A gallon of regular gasoline is currently averaging $2.75 nationwide, about 90¢ cheaper than it was a year ago at this time. Still, prices have increased for much of 2015—again, [especially in California](https://money.com/gas-prices-rising-california/) and the West Coast—with prices rising an average of 71¢ nationally since January. Prices inched up nearly every day in May. According to [AAA](http://fuelgaugereport.aaa.com/news/), however, this upward trend in gas prices has just about reached the end of the road. "There is a good chance that average U.S. gas prices will drop soon due to stabilizing crude oil costs and as refineries complete seasonal maintenance, which would result in the cheapest summertime gas prices since 2009," a release from AAA states. "Gas prices often drop or remain flat in June as refineries complete seasonal maintenance and gear up production for the busy summer driving season. Gas prices have declined by an average of 12 cents per gallon in June over the past five years. This production trend likely will continue this year, which means gasoline supplies could soon grow even more plentiful." The forecast from AAA jibes with the longer-term report released last week by OPEC, which indicates that [gas prices will remain low](https://money.com/low-gas-prices-expected/) at least until around 2017. If AAA's analysis holds up, gas prices may have already hit their high for all of 2015, and gas prices for the Fourth of July holiday and prime summer road trip season will be even [cheaper than Memorial Day 2015](https://time.com/3883250/gas-prices-memorial-day/)—which was the [cheapest Memorial Day](https://time.com/3894338/memorial-day-gas-prices/) weekend for gas since 2009. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/cheap-gas-prices/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "Saving Money", "item": "https://money.com/saving-money/" }, { "@type": "ListItem", "position": 4, "name": "Gas Prices Have Probably Peaked for the Year" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/cheap-gas-prices/#webpage", "url": "https://money.com/cheap-gas-prices/", "name": "Gas Prices Have Probably Peaked for the Year", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2015-06-01T21:01:32.000Z", "mainEntity": { "@id": "https://money.com/cheap-gas-prices/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/cheap-gas-prices/#breadcrumb" }, "dateModified": "2024-04-16T05:56:29.000Z" }, { "@type": "Article", "headline": "Gas Prices Have Probably Peaked for the Year", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2015/06/150601_em_gasprices.jpg", "width": 2100, "height": 1279, "caption": "150601_EM_GasPrices" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2015-06-01T21:01:32.000Z", "description": "It looks like gas prices have already reached their highs for 2015. 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