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Economy, Energy

“Record high Memorial Day gas prices are stinging consumers and impacting travel”

“…The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60. That’s also a 40% increase so far this year and well above last year’s $3.04 per gallon level, according to AAA. By the July 4 holiday, more states could see average prices above $5 a gallon, analysts say….

Expensive gasoline has already caused some people to cut back on driving. Government data shows consumers used about 8.8 million barrels a day of gasoline on average over the past four weeks — down from 9.1 million in the same period last year…”

https://www.cnbc.com/2022/05/27/record-high-memorial-day-gas-prices-are-stinging-consumers-and-impacting-travel.html

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