Gas prices are up again

Gas prices are up again

According to AAA mid-Atlantic, more than 41.5 million Americans are planning to travel this holiday weekend.

The Transportation Security Administration is bracing for some of the busiest summer travel days ever, with 2.7 million airline passengers projected on the heaviest days.

The price of the best grade of US oil traded on the New York Mercantile Exchange for delivery in June was more than $71 a barrel on Monday afternoon while the price of the best grade of oil used in Europe was more than $78 a barrel. That compares to national average that has increased 5.7 cents per gallon in the last week to $2.86.

Memorial Day marks the unofficial beginning of summer, and more than 41.5 million Americans are expected to travel this Memorial Day weekend, marking a 5 percent increase from last year and the most in almost 12 years.

"The highest gas prices since 2014 won't keep travelers home this Memorial Day weekend", said Bill Sutherland, senior vice president, AAA Travel and Publishing.

"Gas prices are their highest in years, yet that doesn't seem to be slowing motorists down", said Mark Jenkins, spokesman, AAA - The Auto Club Group.

Alaska- $3.32/g, up 7.8 cents per gallon from last week's $3.24/g. This new record surprised experts in the field that the record was passed before the Memorial Day weekend as many take to the road during that holiday. It's increased almost 15.4 cents per gallon in the last month and stands 53.8 cents per gallon higher than a year ago.

Las Vegas ranked as one of the top travel destinations for Memorial Day weekend, according to AAA. "To avoid vehicle trouble, the club advises adhering to the BET acronym: "(Have) your Battery tested, (look) for Engine coolant leaks and (check) your Tire condition".

AAA recommends drivers get their battery tested, check for engine coolant leaks and examine the condition of their tires.

AAA's projections are based on economic forecasting and research by IHS Market. AAA has been reporting on holiday travel trends for more than two decades.

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