Why you'll pay a lot more for gas this Memorial Day weekend
- Author: Anthony Vega May 29, 2018,
May 29, 2018, 0:48
"The decrease in motorist's appetite to hit the road comes at a time when the national average gasoline price is at its highest point since November 2014 due to a recent rally in oil prices.", GasBuddy said. The national average is $2.97 a gallon for regular unleaded, according to AAA.
The projections are almost 5 percent more than the 34.9 million travelers a year ago and the most since 37.3 million hit the road Memorial Day weekend in 2005. Overall strong consumer confidence has many Americans hitting the road to jumpstart their summer.
AAA explained why we're seeing a spike in gas prices.
"We want to do our part to help everyone have an enjoyable and safe holiday weekend and keep traffic flowing as smoothly and efficiently as possible", he said.
AAA-Michigan spokesman Gary Bubar says gasoline prices rarely figure in people's travel plans.
To find the cheapest price at the pump, AAA says avoid gas stations right off the highway.
In Sioux City, prices ranged from about $2.68 to $2.75 per gallon.
More than a dozen other states tout a gas price average of $3 or more. Nationally, it is the fourth consecutive year of growth for the national estimate, which this year is 41.5 million, reflecting a five percent rise.
Soaring gas prices can be attributed to factors like oil production cuts orchestrated by OPEC and Russia, Venezuela reducing output, and the United State's decision to leave the Iran nuclear deal.
And as soon as the forecast looked good for Friday, some decided to make it an extra long weekend. They stopped in Roanoke to fill up with gas. That's nearly 2 million more than last Memorial Day weekend and the highest since 2005.
"Based on past traffic data, periods of moderate to heavy congestion are expected to occur between noon and 6 p.m. today and Monday and during midday on Saturday and Sunday", she said.
According to AAA, this is supposed to be the busiest Memorial Day weekend for travel, since 2005.
And also more expensive getting on a plane this summer you're going to have lots of company because airlines expect more Americans to fly this summer than ever before.
Drivers say the time spent with family tops the extra pinch felt at the pump.