Gas prices hit a new average high of $4.61 a gallon on Sunday, up 50% from last year just as the summer travel season begins, largely thanks to President Joe Biden’s anti-fossil fuel policies.
Experts think the price will hit $5 a gallon by July 4th and surpass $6.00 a gallon by the end of the summer as the sanctions on Russia continue.
“I don’t think as many people are going to hit the road, and if they do, I think a good portion are going to be staying close to home,” head of petroleum analysis at GasBuddy Patrick De Haan said.
“They’re definitely should be a noticeable bump, but my impression is people are not driving as far. The concern is high prices that are keeping people a little closer. There’s also work-from-home that changed things. There’s a strong subset of people that can basically work from the road all the time,” he added.
While more travelers are expected to be on the road over Memorial Day Weekend, it is still expected to be less than the number in 2019, before COVID-19 sidelined many vacationers.
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