US Pump Prices Surge as Drivers Prepare for Memorial Day Weekend
U.S. gas prices are on the rise as demand from drivers surges heading into Memorial Day weekend.
The national average price for a gallon of gas was $3.57 for the week ending May 26, up four cents from the previous week, according to the latest AAA gas prices report.
AAA predicted that road travel on Memorial Day would see a 6 percent rise over last year as more than 37 million Americans drive to their destinations.
“The rise in demand for gasoline is helping to push pump prices higher for now,” AAA spokesperson Andrew Gross said in a statement.
“But the increase is mitigated by the low cost of oil, which is wobbling around in the low $70s per barrel. Pump prices could stabilize or fall once this long weekend is in the rearview mirror.”…
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