National Average Gas and Diesel Prices for May 2023 (1 Year Anniversary)
It has officially been one year of "Tracking the Great Reset through Gas Prices"
My fellow Patriots,
This article being released on June 1st, 2023 marks the one year anniversary of my monthly gas price analyses.
Yes, it has already been one whole year! Starting on May 11th, 2022, I began reporting the national average gas prices daily on social media which were followed up with monthly articles that showed charts of the gas prices as well as an analysis of why prices were the way they were. May’s article will be no different, but I would like to thank a few people before I get to the gas and diesel prices.
First of all, I would like to thank God for giving me the ability to track and give quality, fact-based analyses and for giving me an audience, no matter how small. Secondly, I would like to thank everyone who reads, shares, and subscribes to my Substack because of these monthly analyses. Lastly, I would like to specifically thank the Gab group Supply Chain Pain for their consistent sharing of my gas price analyses as well as my daily price updates.
I would highly encourage everyone who reads and enjoys these articles to subscribe to my Substack, which is totally free- no paywall! You can subscribe by clicking this button below and inputting your email address so you can receive my articles in your inbox whenever one is published.
Now for the gas and diesel prices:
Gas prices for May 2023 opened up at $3.610 per gallon and they declined for eight days to $3.526 per gallon on May 9th. Starting the next day, they rose to $3.531 per gallon and continued for two days to $3.542 per gallon on May 12th. On May 13th, the national average gas price declined to $3.537 per gallon and essentially continued to decline for four days to $3.531 per gallon. Starting on May 17th, prices rose to $3.532 per gallon and they continued to increase for seven days with the exception of a minor decrease for two days, to $3.574 per gallon on May 25th. The following day, gas prices began to alternate between decreasing and increasing for three days ending on May 29th with an overall increase to $3.582 per gallon. On May 30th, gas prices began to decline for the rest of the month, ending on May 31st at $3.576 per gallon. All data is from AAA.
The national average diesel prices for May 2023 opened up at $4.114 per gallon and they declined for 14 days to $4.007 per gallon. On May 16th, diesel prices rose to $4.012 per gallon and continued through the next day to $4.015 per gallon. Starting on May 18th, prices began to decline at $4.011 per gallon and they continued for four days to $3.984 per gallon. On May 23rd, diesel prices increased to $3.987 per gallon and then to the next day at $3.988 per gallon. May 25th saw prices decline to $3.982 per gallon and then to $3.962 per gallon the following day. Diesel prices increased again to $3.971 per gallon on May 27th, but began to decline on May 28th to $3.964 per gallon and continued for two days to $3.946 per gallon on May 30th. The next day closed the month of May with an increase to $3.954 per gallon.
So why were gas and diesel prices experiencing overall declines in May 2023? For the same reason they have for the past two months: less travel is happening; therefore, less fuel is consumed, thus prices are lowered. I wish there was an oil industry reason for these declines, but there is not. With the gas prices, they did rise toward the end of the month because in spite of the economic suffering in America, people still traveled for Memorial Day weekend and consumed more gasoline.
I wish that these recent monthly analyses were more profound with major economic news that Biden is allowing for more domestic production of fuel. If that were the case, I could attribute that to the declining gas prices, but instead Americans are forced to cut their travel so they can afford other essential goods and services such as monthly utility bills, rent, food, clothing, etc. The only positive thing is that Biden has not announced that more oil will be emptied from the US Strategic Petroleum Reserve to subsidize and lower fuel prices.
The charge to you this month is the same: pay attention to the news and do the best you can to prepare yourself and your family for worse economic times. You do not want to be caught flat-footed when the economy tanks even more.
God bless and thank you for reading these for one whole year; here’s to the next year of gas and diesel price analyses!