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Gas to Hit Highest Memorial Day Weekend Prices in Seven Years, AAA Reports

U.S. News & World Report logo U.S. News & World Report 5/28/2021 Alexa Lardieri
As gas prices continue to rise, people fill-up at a gas station in Brooklyn on May 03, 2021 in New York City. © (Spencer Platt/Getty Images) As gas prices continue to rise, people fill-up at a gas station in Brooklyn on May 03, 2021 in New York City.

Gas prices will hit their highest Memorial Day weekend prices in seven years following the Colonial Pipeline shutdown, according to AAA.

The auto club reports that the current average price of regular gas is $3.04 per gallon, compared to $1.97 during last year's Memorial Day weekend and the highest price during the holiday serving as the unofficial kick-off to summer since 2014.

The higher price at the pump is likely to impact the 34 million Americans that AAA expects will travel by car from May 27-31. As the coronavirus pandemic eases in the U.S. and the Centers for Disease Control and Prevention relaxes mask and social distancing rules, more Americans are traveling and those expected to travel this Memorial Day weekend is a 53% increase from last year.

The U.S. is still feeling the effects of the gas price surge from earlier this month when there was a cyberattack on the Colonial Pipeline, causing it to shut down. While prices were stabilizing, the holiday demand is expected to make them fluctuate again, AAA predicts.

Video: Memorial Day Weekend gas prices- what to expect (Yahoo! Finance)

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A month ago, before the attack on the pipeline, AAA reports that the average price of regular gas per gallon was $2.88.

Western states and those in the Northeast are seeing some of the highest gas prices, with the average price for a gallon in California being $4.18 and $3.17 in Washington, D.C. on Friday. The South is seeing the lowest prices, and the average cost per gallon in Louisiana was $2.71 on Friday.

Since May 20, Michigan has seen the largest increase in average price, with an increase of 9 cents. Ohio is second with an increase of 5 cents and Hawaii follows third with a 4-cent hike.

Oklahoma leads states with declining averages, with a decrease of 4 cents since May 20, followed by Texas, Georgia, North Carolina and Maryland – all with 3-cent declines.

Copyright 2021 U.S. News & World Report


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