The national average price of gas went up 11 cents from a week ago, making this the fifth straight week of rising prices.
, the national average is $4.57 a gallon, which is up 45.4 cents from a month ago and $1.55 per gallon higher than a year ago.
“Gasoline prices surged over the last week to new record highs but have finally started to slow their rise with diesel also finally cooling off,” said Patrick De Haan, head of petroleum analysis at GasBuddy.There are also fewer U.S. diesel refineries, after years of closures, to address a supply shortage.
“While the coast isn’t clear yet, and prices will be at their highest Memorial Day level ever, I’m hopeful that we could avoid a dreaded national average of $5 per gallon this year,” De Haan said. “Whether or not we’re able to depends on Americans cutting demand in the face of sky-high prices.”
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