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Memorial Day weekend gas prices highest in four years (Goes to UPI)

May 25 (UPI) — Consumer gas prices for the holiday weekend will be the highest they’ve been in four years and will likely stay that way through the summer, the U.S. government said.

The three-day Memorial Day weekend in the United States marks the de facto start of the summer holiday season. With crude oil prices flirting with multi-year highs, retail gasoline prices have moved toward a national average of $3 per gallon, a psychological threshold indicative of changing consumer behaviors.

Motor club AAA reports a national average retail price of $2.97 for a gallon of regular unleaded gasoline for Friday. That marks the highest point since Memorial Day weekend 2014, when gas prices were $3.67 per gallon.

EIA said it expects the summer driving season, which lasts through September, will see an average price of $2.90 per gallon, 49 cents higher than summer 2017.

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