Gas prices predicted to soar over summer months

Muriel Colon
May 26, 2018

In fact, more than 41.5 million Americans are expected to hit the road for Memorial Day, up almost 5% from 2017, according to AAA.

CT comes in at $3.13 a gallon with New Jersey just over $3 a gallon.

AAA says gas prices are expected to keep going up as summer approaches.

The record travel estimate comes despite higher gas prices than at this time previous year. That's a few pennies ahead of Hawaii and roughly 30 cents more than Washington, which have the second and third highest gas prices in the country, the latest figures from AAA show.

"I think they're trying to just stick us up for the holiday", said Cliff Robertson, who was filling up his vehicle Thursday heading into the holiday weekend.

The national average for a gallon of unleaded gasoline, which now stands at $2.96, has jumped 19 cents over the last month.

Those are expected to be the busiest travel times for motorists, when holiday travelers join regular commuters on the roads, according to AAA Texas. Some were as high as $3.29 a gallon, like at the Marathon Gas Station off Dutchman's Lane in St. Matthews, or as low as $2.89 a gallon like at the Meijer and Marathon-Circle K in Jeffersontown. "But I don't think it will hold people back", said DeHaan.

About 60% of new-car buyers say recent increases in gas prices have had no effect on the type of vehicle they're shopping for, according to Kelley Blue Book. "That's usually what happens after we see the big jumps in Louisville".

If prices don't calm down, some drivers could decide to stay home rather than pay up at the pump.

The oil rally has been driven by a range of factors, including robust demand around the world amid stronger economic growth. OPEC and Russian Federation are due to meet in Vienna on June 22. You can thank higher oil prices for that spike, but fuel costs aren't the only issue facing vacationers looking to head out of town.

DeHann added that Thursday is typically the most expensive day to fill up at the pump.

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