Hey America, you will pay $ONE BILLION$ more for your gas this labor day than you did last year! [View all]
Traveling for Memorial Day weekend? It's going to cost you.
Regular gas is predicted to cost $2.95 per gallon this holiday weekend, an almost 50 cent jump from this time last year, according to data from AAA. Drivers will end up paying $1 billion more for gas, reports GasBuddy.com.
In the past two weeks alone, gas has jumped at least 12 cents per gallon, sending motorists on a course to pay the highest Memorial Day prices since 2014.
Political clashes and basic economics have worked together to drive up prices, AAA spokeswoman Jeanette Casselano told NBC News.
"High global demand and shrinking global supply," said Casselano, along with "pending U.S. sanctions against Iran and Venezuela as well as OPEC cuts, and record U.S. oil production, are influencing higher crude oil prices in the market."
https://www.nbcnews.com/business/consumer/gas-will-cost-drivers-1-billion-more-memorial-day-weekend-n877181
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