“Record high Memorial Day gas prices are stinging consumers and impacting travel”
May 30, 2022
“…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…”