American Roadtrippers to Face $3 a Gallon Gas This Summer
- Average pump prices already the highest since November 2014
- Lower crude inventories and start of summer may ignite prices
Why Oil Is Climbing to Level Not Seen Since 2014
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U.S. drivers might be feeling flush after getting tax cuts amid a growing economy as they embark on the summer driving season, but road trips will cost more this year.
Drivers are already paying an average of $2.90 for a gallon of regular gasoline. There may be no relief in sight as oil in London topped $80 a barrel Thursday on tightening global supplies. The traditional Memorial Day holiday kickoff of summer driving season may test the strength of the economy and consumers’ desire to hit the road as temperatures rise.