Gas Prices Set to Soar Ahead of Memorial Day Weekend

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Currents News Staff

Gas Buddy says holiday weekend gas prices are the highest they have been since 2012 – but the pain doesn’t stop at the pump. New data says hotels have jumped 42% compared to last year and airfare is up 6%.

“This will likely be one of the most expensive Memorial Day travel periods we’ve ever seen,” said Andrew Gross, a Spokesperson with AAA, Inc.

Still, AAA thinks Americans will not be stopped and travel to top destinations like Orlando, Seattle, Miami and Las Vegas. Their latest projection is that 34.9 million people will drive 50 miles or more over the five days around Memorial Day.

The new fear is this expensive start to summer travel could last with an average gas price of $4.50 to last for months.