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Millions Of Americans Hitting The Roads, Skies For Memorial Day Weekend

26 May, 2018, 18:23 | Author: Lawrence Cooper
  • Xinhua via ZUMA Wire

The national average for a gallon of unleaded is $2.93.

CT comes in at $3.13 a gallon with New Jersey just over $3 a gallon.

In addition to those on the road, AAA is estimating that 3.1 million Americans will take to skies this weekend and 1.8 million will use trains, buses and ships - bring the total estimated number of Americans traveling this weekend to around 42 million.

The good news? Prices generally drop back off a bit in summer after Memorial Day.

Gas prices typically increase in the spring as oil refineries undergo maintenance and prepare to produce lower-emission fuel blends for the peak summer driving months.

How high will prices go? .

"Although Carolinians will be filling up at the pumps with the highest gas prices since 2014, that won't keep them at home", said Tiffany Wright, AAA Carolinas spokesperson. Inside city limits, the average now stands at $3.39, compared with $3.29 a week ago and $2.57 at the same point in 2017.

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In fact, more than 41.5 million Americans are expected to hit the road for Memorial Day, up almost 5% from 2017, according to AAA.

New concerns higher gas prices, mortgage rates are impacting savings from tax cuts.

"WIthout a doubt people are noticing and they're feeling the pinch", said Patrick DeHaan, head of petroleum analysis at GasBuddy, a platform that helps drivers find real-time prices. "It's no shock as we continue to see higher prices in all of the nation's 50 states". So he said to shop around and look for the best prices, even if it is an extra few miles away.

The oil rally has been driven by a range of factors, including robust demand around the world amid stronger economic growth.

Anyone grumbling about prices in New Jersey should be happy they're not in Los Angeles, where prices have jumped to over $4. "But I don't think it will hold people back". In June, OPEC is expected to consider increasing oil production.

On Thursday morning, the cheapest gas was $2.64 a gallon at the Valero station near Federal Boulevard and West 20th Avenue, according to Gas Buddy.

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