Energy

Record high Memorial Day gas prices are stinging consumers and impacting travel

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A gas station is seen as the average price of gasoline reach all-time high at $4.37 per gallon (about 3.8 liters) in Virginia, USA on May 10, 2022. It’s claimed that gasoline prices vary by region.

Yasin Ozturk | Anadolu Agency | Getty Images

The Memorial Day holiday weekend marks the start of the summer driving season, and already drivers are limiting their trips due to record gasoline prices that are expected to go even higher.

The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60. That’s also a 40% increase so far this year and well above last year’s $3.04 per gallon level, according to AAA. By the July 4 holiday, more states could see average…



Source cnbc.com

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