Gas prices rise as travelers make Memorial Day plans

Gas prices rise as travelers make Memorial Day plans

Gas prices rise as travelers make Memorial Day plans

As the summer travel season approaches, gas prices in Chattanooga are up almost 53 cents per gallon from a year ago.

According to, the average gallon of gas has gone up more than 7 cents, bringing the average to $2.81 a gallon.

Overall, the national average of gas prices has risen 15 cents per gallon during the last month.

More than 41.5 million Americans will get away this Memorial Day weekend, the unofficial start of summer, up 5 percent from 2017, and the most in more than a dozen years.

Winter's late end is likely to beckon around 1.3 million travelers out of their homes for the holiday - the highest number in 13 years, the Dearborn-based auto club said in a news release Monday.

Folks are going to be spending more on gasoline in the weeks ahead as Iran sanctions and summer blends are pushing prices higher.

"Ranked the most congested country in world, US drivers are all too familiar with sitting in traffic", INRIX Chief Economist and Head of Research Graham Cookson said in a statement.

The EIA also forecast that summer prices would peak at a national average of $2.97 a gallon in June before falling to an average of $2.86 in September.

Gas prices rose again around West Michigan on Monday with prices spiking to around $3 a gallon for regular unleaded.

NYMEX June gasoline commodity contracts were just above $2.20 a gallon. The statewide average was $2.66 a week ago and $2.51 a gallon just one month ago.

Prices still aren't near their all-time high, which occurred in July 2008, White said.

Gas prices averaged $2.72 in April, AAA said, an increase of 33 cents from past year due to rising crude oil prices and strong gasoline demand.

With 2 million more people traveling this year, travel delays could triple along major roads, according to INRIX, a transportation analytics company. This new record surprised experts in the field that the record was passed before the Memorial Day weekend as many take to the road during that holiday.

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