Some areas of the country are feeling the pinch at the pump more than others. "The Saudis are quite enjoying $80 prices", said Michael Tran, global energy strategist at RBC Capital Markets, to CNN. As of April 2018, drivers were paying an average of $2.72 per gallon, up 33 cents from 2017 prices.
The nationwide average of $2.95 per gallon is the highest it's been leading up to Memorial Day since 2014. A year ago, Kentucky's average price was $2.28 compared to $2.37 nationally. In a couple of California counties, the average for a gallon of regular even breaks $4. Wyoming, Minnesota and OH round out the top six.
Many travelers will be feeling pain at the pump as gas prices are the highest they've been in four years.
In another positive sign for consumers, oil prices slipped slightly Friday, amid news that OPEC is likely to boost oil production starting later this year in a move that could lower gas prices.More news: The Cavaliers and Celtics Battle in G7 Of The Eastern Conference Finals!
Are you travelling for Memorial Day weekend? It's more expensive to make than the winter blend. Geography, high demand and clean air regulations contribute to the price per gallon. The rise in gas prices was not entirely unexpected, said Marie Dodds, AAA spokeswoman for Idaho and Oregon.
At the time, though, a series of stories assured us that presidents have little to do with gas prices.
Smith said the high prices are causing him and others to stay home this holiday weekend.
AAA added that gas prices will not stop travelers this holiday weekend.More news: Most dramatic images of Maryland’s catastrophic flash flood
One man said prices are so high his work commute is being affected.
Farmer says the hike can be linked to decisions made in DC.
People are traveling to states all over the Southeast for their weekend getaways.
The almost 40 million drivers who will hit the road this Memorial Day weekend will be paying the highest gas prices since 2014 according to the American Automobile Association.More news: Ireland overturns abortion ban in landslide vote
Up to two million New Englanders are expected to travel this weekend according to AAA.