Gas prices rise as holiday weekend arrives

26 May, 2018, 18:21 | Author: Billie Castillo
  • Gas prices spike before travel-heavy Memorial Day weekend, but travelers so far are undeterred

California has the dubious distinction of being home to the highest gas prices in the country as millions of people in the state prepare to hit the road this Memorial Day weekend, KSWB reporting partner KTLA reports. That's compare that to the $2.21 Memorial Day price in 2017 - an increase of 4.7 percent.

AAA says that fifteen states, including New York, New Jersey and IL, are already facing $3 average gas prices or higher.

"Besides the pull of demand on prices in the summer, refiners have to replace cheaper blending components with more expensive ones in order to meet environmental regulations", Judith Dwarkin, chief economist at RS Energy Group, said in an email.

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

"TSA screens over 2 million passengers on an average day throughout the year and expects to screen over 2.6 million a day during peak periods of the busy summer travel season", TSA Administrator David Pekoske said. Local prices, which are already far higher than those nationwide, have seen a similar trend upward. At least one gas station in New York City had gas priced at $4.99 per gallon on Tuesday.

Rain Likely By Memorial Day
If you live in a flood-prone area keep a close eye on water levels this weekend and never attempt to drive through flooded roads. At 1000 AM CDT (1500 UTC), the center of Subtropical Storm Alberto was located near latitude 19.7 North, longitude 86.8 West.

"We just go with the flow and go with the gas prices and go on", said Miller. A spike in crude oil prices has lifted the national average price of gas by 31% over the past year to an average of $2.97 a gallon, according to AAA. "That's usually what happens after we see the big jumps in Louisville".

GasBuddy Head Analyst Patrick DeHaan says several factors are contributing to the rise in prices, including OPEC's 2016 agreement to reduce oil production and the lack of oil being exported by Venezuela.

But even as the prices are surging, there are ways to save at the pump. "But I don't think it will hold people back", said DeHaan.

If you are planning to travel anywhere in the South - there is good news - as AAA averages there are the lowest.

Recommended:



Popular

How to watch Aston Villa vs. Fulham: Promotion playoff final
The owners at West Ham wouldn't let me go to a Premier League club. You can't be disappointed when you walk through here".

Tesla settles class action suit over Autopilot claims for $5M
Simpson added, "Starting with the very name Autopilot, Tesla has consistently and deceptively hyped its technology". A Tesla that was in Autopilot mode also crashed into a stopped firetruck earlier this month in an incident in Utah.

Caroline Wozniacki praises Salah ahead of Champions League final
Bob Bradley will be more than an admirer as he watches Egypt play in the FIFA World Cup in Russian Federation next month. Asked if the pair could perform well together, Brazilian Ronaldo said: "Cristiano and Neymar are compatible, of course".

Indian police face fury over shooting deaths of 10 protesters
Palaniswami added that families of the victims would be offered one million rupees ($14,700) in compensation. Vedanta has denied all the allegations against it and says it plans to double the capacity of its plant.

Rockets' Chris Paul ruled out for Game 6 against Warriors
He couldn't even get up to get back on defense in the crucial final moments and limped around until being taken out seconds later. Now he and the Warriors are just waiting on the team's head performance therapist Chelsea Lane to clear Iguodala.

Science teacher who tackled school shooter identified by students, parents
She was in science teacher Jason Seaman's class when she and her teacher were shot. "We were ready to defend ourselves", he said. Additionally, one student was transported to Riverview Health in Noblesville and is being treated for a fractured ankle.

Daniel Ricciardo quickest as Max Verstappen crashes out of final practice
Kimi Raikkonen has been asked about the likelihood of him staying at Ferrari next season, but said the decision was not up to him. They'll definitely close that gap (in qualifying)", Ricciardo added. "I think we can be pretty good", he added.

President Trump Says North Korea Summit Still Possible
The White House on Thursday cited a prolonged period of silence as one of the factors in scrapping the June 12 date. USA officials also complained North Koreans did not show up to preparatory meetings and would not answer calls .

Champions League final: Klopp speaks on Zidane being "tactically clueless"
"What I said to the boys before the semifinal [against Roma] was that I don't think we are [here for] the last time ". I was very happy that he could sign, and proud [for him] because later Michael Owen came, Jonathan Woodgate came.

Ireland projected to overturn abortion ban in landslide vote
Official counting is due to begin on Saturday morning, with a result expected late in the afternoon. A complete ban was lifted in Ireland five years ago for cases where the mother's life is in danger.