Skip to main content
PAIN AT THE PUMP

Just in Time for Summer, Highest Gas Prices in 7 Years

“The market has a potential to overheat this summer, just because people are stuck here.”

GettyImages-1232843570_j7msor

Jim Watson/AFP via Getty

By Tracy Connor

Memorial Day weekend will see the highest gas prices in seven years—a full buck more a gallon than during the pandemic lockdown of last year, CNBC reports. The rising cost comes as stir-crazy Americans are gearing up to hit the roads this summer as an alternative to air travel, with half of them saying they won’t be dissuaded by higher prices, CNBC reports. “There’s part of me that feels like the market has a potential to overheat this summer, just because people are stuck here,” said Patrick De Haan of GasBuddy. The average price for a gallon of unleaded is $3.04; last Memorial Day it was under $2.

Read it at CNBC

TRENDING NOW