Americans may spend $2 billion more on gas over Memorial Day as prices still surge
Gasoline prices in the U.S. are surging, with the national average exceeding $4.55 per gallon as Memorial Day approaches. Despite the high costs, travel is expected to increase, with around 45 million Americans planning to travel at least 50 miles from home. Analysts warn that if current trends continue, prices could reach $5 a gallon by June due to ongoing disruptions in oil supply.
- ▪Gas prices have risen by more than $2 a gallon since February, with the national average hitting $4.56.
- ▪At least 16 states are projected to see record-high gasoline prices this Memorial Day weekend.
- ▪Americans are expected to spend $2 billion more on gasoline over the holiday weekend compared to last year.
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Surging prices at the pump are not expected to deter Americans from traveling to celebrate Memorial Day, despite there being more than a dozen states projected to see record-high gasoline prices this weekend. As the war in Iran stretches to the end of its third month, gasoline prices have soared by more than $2 a gallon since February, with the national average staying above $4.55 a gallon on Friday. Recommended Stories Conservatives urge Supreme Court to quash lawsuit over climate change harms Trump’s envoy to Greenland pitches oil-rich island as answer to Hormuz energy crisis Exxon negotiating deal to pump oil in Venezuela after standoff with leaders Just one day before, AAA reported that the national average for a gallon of regular gasoline hit $4.56, the highest in four years.
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