Gas Prices Soar Ahead Of Memorial Day

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Motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season, as fuel demand surges alongside coronavirus vaccination rates.

Retail gasoline prices are at about $3.04 a gallon on average nationwide, the most expensive since 2014, data from the American Automobile Association showed.

And after a year of lockdowns to curb the coronavirus pandemic, tens of millions of American road-trippers are expected to be stung by those prices: More than 34 million Americans are expected to take to the highways between May 27 and May 31, AAA expects, an increase of 53% from last year but still down 10% from 2019.

Read more at NEWSMAX.

{Matzav.com}


3 COMMENTS

  1. A direct result of these higher prices is a weakening of commercial activity elsewhere. The extra $15 it costs to fill up is no longer available to go somewhere else.

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