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Expand chart
Data: U.S. Energy Information Administration; Chart: Axios Visuals

Pump prices are at their lowest point in years heading into the long holiday weekend, but it's hard to say how many people will take advantage of them.

Driving the news: The average U.S. price of gasoline as of early in the week was $1.88-per-gallon, per the U.S. Energy Information Administration. It's the lowest overall price since early 2016.

  • The group AAA, which provides similar but not identical pricing data, says it's the first time average prices are under $2 heading into Memorial Day weekend since 2003. The average price today is $1.94-per-gallon, per AAA.

One big question: That's how many people will be traveling over the long weekend. Driving nationwide has bounced back a lot in recent weeks.

  • Nonetheless, AAA is declining to estimate holiday weekend travel for the first time in 20 years "due to COVID-19 impacts on the underlying economic data used to create the forecast," the group said.

Go deeper: How coronavirus will alter natural gas markets

Go deeper

Amy Harder, author of Generate
Jul 29, 2020 - Energy & Environment

Cheap oil shelves carbon capture project

Illustration: Aïda Amer/Axios

A Texas carbon capture project hailed as a key solution to climate change has been "mothballed" over low oil prices, E&E News reported on Tuesday evening. 

Our thought bubble: The news is unsurprising but nonetheless emblematic of the complex relationship between climate policies and oil prices, which collapsed along with oil demand in the wake of the pandemic.

Updated 30 mins ago - Politics & Policy

The massive early vote

Illustration: Sarah Grillo/Axios

Early voting in the 2020 election across the U.S. on Saturday had already reached 65.5% of 2016's total turnout, according to state data compiled by the U.S. Elections Project.

Why it matters: The coronavirus pandemic and its resultant social-distancing measures prompted a massive uptick in both mail-in ballots and early voting nationwide, setting up an unprecedented and potentially tumultuous count in the hours and days after the polls close on Nov. 3.

Updated 52 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Ipsos poll: COVID trick-or-treat.
  2. World: Greece tightens coronavirus restrictions as Europe cases spike — Austria reimposes coronavirus lockdowns amid surge of infections
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Technology: Fully at-home rapid COVID test to move forward.
  5. States: New York rolls out new testing requirements for visitors.