Gas Prices Reach 7-Year High

With tens of million of drivers expected to hit the road this Memorial Day weekend, none of them will be thrilled to see that the price of gas is at its highest price in nearly a decade.

According to AAA, gas prices are up 58% from a year ago with an average gallon costing drivers $3.04.

Gas prices in the United States soared earlier this month after the Colonial Pipeline, the East Coast’s primary gasoline supply line fell victim to a ransomware attack that took its operations offline for six...

Gasoline prices are expected to be the highest for a Memorial Day weekend in seven years, and prices could stay elevated all summer, as Americans take to the road in a post-coronavirus pandemic driving spree.

The current average price for a gallon of unleaded gasoline of $3.04 per gallon, 16 cents more than a month ago and $1.08 per gallon higher than last year, according to AAA. The motor club federation expects 37 million Americans to travel this weekend, a 60% increase over last year when the economy was still shut down.