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Why Gas Prices Are 31 Percent Higher Than Last Memorial Day

28 Mai 2018

Motorists were paying $2.40 for gas in New Jersey at this time a year ago.

To see the most up to date fuel prices and get more insights, visit gasbuddy.com or download the GasBuddy mobile app.

The increased price of gas has a trickle down effect on other consumer products, McTeague said.

"Most analysts say that around here, we could be looking at $3.30, $3.40 before summer is done", Brandus says. According to AAA, gas prices are up about 60 cents from this time previous year.

"While the tax cuts have lifted take-home pay for the vast majority of workers, rising gasoline prices are eating into that benefit", Morgan Stanley's chief USA economist Ellen Zenter wrote in a note earlier this month.

"It's been raining and cold all winter, so this is great, we're taking advantage of the day", says Randy Quinn. The national average is $2.97 a gallon for regular unleaded, according to AAA. But this year travelers are facing the highest gas prices in four years. Brent crude, the global benchmark that tends to influence United States gas prices, recently topped $80 a barrel.

According to the holy grail of gasoline indexes, the American Automobile Association (AAA), gas prices are up to an average of $2.97 per gallon.

"I don't even look at gas prices, I mean I got to get gas anyway, so I really don't pay attention to it", said another driver.

Whether you are a bread New Yorker or you are just visiting the city for the holiday, you have to make sure to include in your list of "things to do" visiting all the different retail stores in the city which are offering some of the most awesome Memorial Day Sales ever.

More Americans are expected to travel this Memorial Day weekend than any other in the past 12 years.

The weather is the one thing, not only travelers, but also Campground owner say has been keeping people on the go for memorial day. Members of the Organization of Petroleum Exporting Countries said they would likely put more barrels on the market in the second half of the year. Big Daddy's on U.S. Highway 70 near Glen Alpine was the cheapest with a price of $2.68. So, it's made the recent price hikes seem more pronounced. This year's forecast is the fourth consecutive year Maryland's travel volume is expected to top 800,000 and reveals new record highs for auto and air travel for the holiday.

"It's been a bit of a bumpy road", he said.

Why Gas Prices Are 31 Percent Higher Than Last Memorial Day