According to an article from AAA last week, Memorial Day weekend gas prices are the highest they’ve been in four years.
The national average for a gallon of regular is at $4.56, up 3 cents over last week and $1.38 higher than this time last year. Current prices are close to what drivers were paying 4 years ago, when the national average on Memorial Day was $4.61.
With gasoline demand on the rise and the closure of the Strait of Hormuz, pump prices are likely to remain elevated as the summer travel season gets underway.
The nation’s most expensive gasoline market is California at $6.14 a gallon. The least expensive is around $4.01 a gallon, largely in the southern states, namely Mississippi and Georgia.
