politics
Despite high gas prices, drivers aren't expected to hit the brakes on Memorial Day travel
Key takeaways
- The national average gasoline price was about $4.55 per gallon as of Friday, driven up by the war with Iran.
- Tom Kloza, chief oil analyst for Gulf Oil, estimated that drivers will spend approximately $7 billion on gasoline over the course of the long weekend, or about $2 billion more than they spent last year.
- But he doesn t expect people to travel less.
Why this matters: political developments that affect policy direction and public trust.
The national average gasoline price was about $4.55 per gallon as of Friday, driven up by the war with Iran. That s more than $1.50 per gallon higher since the conflict began in late February.
Tom Kloza, chief oil analyst for Gulf Oil, estimated that drivers will spend approximately $7 billion on gasoline over the course of the long weekend, or about $2 billion more than they spent last year.
But he doesn t expect people to travel less.
Article preview — originally published by The Hill. Full story at the source.
Read full story on The Hill →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from The Hill alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop