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Gasoline Price Records Mount as US Travel Nears Pre-Covid Norms

  • Pump prices hit records for 10 straight days, longest run ever
  • Road, air travel volumes are nearing pre-pandemic levels: AAA
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Gasoline prices in the US have hit fresh peaks for the past 10 days, the longest run of consecutive records just as travel is expected to approach levels seen before the pandemic, according to auto club AAA.

The record rally has sent the average national retail gasoline price to $4.59 a gallon. But expensive fuel is unlikely to end anytime soon. As many as 39.2 million people are expected to travel this Memorial Day weekend, an 8.3% increase from 2021 and almost in line with 2017 levels, AAA said, no doubt putting a further squeeze on already-low supplies. Around 3 million will fly during the holiday weekend, accounting for 7.7% of total travelers, a percentage that surpasses 2019 levels, according to the report.