finance
National Average Gas Price Nears Record High Ahead of Memorial Day
Gasoline prices across the United States are approaching historic levels as the Memorial Day weekend begins. AAA projects more than 39 million people will travel by car despite the elevated costs.
May 23, 7:00 AM·1m read1 source
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Americans traveling for the Memorial Day weekend will encounter some of the highest gasoline prices on record. National averages are near previous peaks, with regional prices varying sharply.
West Coast states show the largest increases. 70 per gallon, according to data compiled by AAA. 62 per gallon in Pennsylvania. 51 per gallon respectively. 01 per gallon. Diesel prices have risen faster than gasoline. 10 over the past year.
The price increases follow supply disruptions linked to tensions in Iran that began in late February. Fox News reported that shipping bottlenecks and blockades have reduced available crude supplies. President Donald Trump released record volumes of oil from the Strategic Petroleum Reserve and proposed a federal gas tax holiday.
U.S. ports. AAA stated that more than 39 million people are still expected to travel by car over the holiday weekend despite the higher costs.
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