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Expect Higher Gas Prices for Memorial Day Weekend than last year

YUMA, Ariz. (KYMA/KECY) - Celebrating the unofficial start of summer is going to cost more this year if your plans include a road trip. The national average for the price of gas is just over three dollars a gallon.

The U.S. hasn't seen prices this high since 2014.

It's also an increase of more than a dollar per gallon from the week preceding Memorial Day last year.

At least some of the price increase is left over from the cyberattack on the Colonial Pipeline earlier this month.

While that supply pipe is back in full operation, some gas stores in the southeast aren't fully stocked yet.

The global price of oil is also up significantly from last year. Oil futures closed at 63 dollars and 58 cents at the close of trading Friday.

At one point last year, prices entered negative territory as producers struggled to find storage for their excess supplies.

The American Automobile Association expects 37 million Americans will travel on Memorial Day weekend.

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Christian Galeno

Christian Galeno joined the News 11/CBS 13 team in July of 2019 as a Weekend Anchor and multimedia journalist. He now anchors 13 on Your Side at 6, and 10.

Reach to Christian at christian.galeno@kecytv.com.

Author Profile Photo

Christian Galeno

Christian Galeno joined the News 11/CBS 13 team in July of 2019 as a Weekend Anchor and multimedia journalist. He now anchors 13 on Your Side at 6, and 10.

Reach to Christian at christian.galeno@kecytv.com.

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