For the first time since August of last year, drivers in every state are paying an average of more than $2 per gallon.
As the Memorial Day holiday approaches, gas prices across the U.S. have reached the highest point for the year, so far.
According to a report from AAA, the national average of $2.28 per gallon is up six cents on the week and 15 cents on the month. Additionally, the national average has increased daily over the past 12 days. However, despite recent increases, drivers are still expected to pay the lowest prices for fuel during the Memorial Day holiday since 2005.
AAA has projected that more than 39 million Americans will travel during the coming Memorial Day weekend, an increase of 700,000 compared to 2015. 2016 is expected to reach the second-highest Memorial Day travel volume on record, and the highest since 2005. Nearly 89% of those expecting to travel over the weekend will drive to their destinations, which is an increase of 2.1% over last year.
Average Fuel Prices Above $2 Nationwide
Data from AAA has revealed that, for the first time since August 2015, drivers in every state, and Washington D.C., are paying averages above $2 per gallon. The nation’s least expensive markets are Mississippi, where drivers are paying $2.06 per gallon, and South Carolina and Arkansas, where drivers are paying an average of $2.06 per gallon. The nation’s most expensive markets are California and Hawaii, where drivers are paying $2.80 and $2.66, respectively.
