National Average Price for Regular – Current: $2.969; Month Ago: $2.782; Year Ago: $2.372. National Average Price for Diesel – Current: $3.208; Month Ago: $3.043; Year Ago: $2.510.

Memorial Day began in the aftermath of the Civil War as "Decoration Day" a time for communities to decorate the graves of fallen soldiers with flowers. On May 5, 1868, General John A. Logan, commander of the Grand Army of the Republic established "Memorial Day". In 1971 congress designated Memorial Day a national holiday. We pause and honor those who gave all and for their families who share in the sacrifice.

Futures lost as much as 1 percent in New York, after falling 2.4 percent in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January if replicated in government data Wednesday. Libya is gradually resuming output at its biggest oil field, people familiar with the matter said. Nationwide crude stockpiles fell by 4.08 million barrels last week, the API said Tuesday, according to people familiar with the data. Crude stockpiles at Cushing, Oklahoma, climbed by 2.08 million barrels. An Energy Information Administration report Wednesday is forecast to show supplies slid by 500,000 barrels, according to the median estimate in a Bloomberg survey. Click Read More below for more of the story.