Gas Prices Highest Since 2014 Heading Into Memorial Day Weekend

A recent scene of traffic on the Capital Beltway

A recent scene of traffic on the Capital Beltway

If you're traveling this Memorial Day weekend, there are some things you can do to essentially get the most from your gas tank.

Add a dash of geopolitical intrigue in key oil producing areas - Iran and Venezuela - and the recipe for higher oil and gasoline prices is complete. In 2014, it was $3.65 on Memorial Day weekend.

Some of the top travel destinations for North Carolinians include Asheville, Myrtle Beach, S.C., Washington D.C., Orlando Fla., and St. Augustine, Fla.

The estimated 37 million Americans set to hit the road this Memorial Day weekend will want to pack a few extra dollars in their wallets as gas is reported to be at the highest price point at this time since 2014.

As the Memorial Holiday Weekend approaches, drivers can expect a familiar site at the pump - higher gas prices.

There are a handful of local gas stations that have crossed what experts call the $3 psychological barrier.

"They're not quite ridiculously high yet", Tyson said.

"WIthout a doubt people are noticing and they're feeling the pinch", said Patrick DeHaan, head of petroleum analysis at GasBuddy, a platform that helps drivers find real-time prices. Now the national average is $2.95 per gallon. Drivers on the eastbound 101 Freeway may see their travel time increase by up to 47 percent, while motorists on the southbound 5 Freeway should expect to spend up to 43 percent more time on the road. Minnesota is in the bottom one-third of all states as far as prices go, DeHaan said. "That's usually what happens after we see the big jumps in Louisville".

Thursday's average was around $2.62 but it is still about a 50 cent hike compared to 2017.

Respondents to GasBuddy's annual summer travel survey indicated that they are feeling the pinch at the pump. On the other side of the U.S., CT and MI lead the pack of the most expensive states, with prices of $3.145 and $3.133, respectively.

In Los Angeles County, the average cost for a gallon of regular unleaded is slightly above the state average, coming in about $3.76 per gallon, according to a news release from the Automobile Club of Southern California.

"AAA forecasts almost 37 million travelers will hit the road for the holiday weekend".

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