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AAA: Rising gas prices not stopping Memorial Day travelers

(AAA)

Rising gas prices are no match for those planning to travel for Memorial Day this year.

According to AAA, prices skyrocketed following President Trump's decision to leave the Iran Nuclear Deal.

Prices at the pump jumped last week and as of Sunday, the national average was 50 cents more than this time last year.

AAA says gas prices haven't been this expensive in almost four years and Americans are spending an average of $6 more to fill their tanks than last year.

As for Georgia, the average price in the state sits at $2.72, which is the highest it's been since last September. AAA says Georgians are paying 52 cents more than last year, and motorists are paying about $8 more per tank than last year, on average.

  • The most expensive gas price averages in Georgia are in Brunswick ($2.80), Savannah ($2.74), Atlanta ($2.73)
  • The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.63), Warner Robins ($2.63), Catoosa-Dade-Walker ($2.64)

In the Carolinas,

  • The most expensive gas prices are in Asheville at $2.74, Raleigh at $2.73, and Charleston and Hilton Head at $2.62
  • The least expensive prices were in Hickory at $2.64, Charlotte at $2.66, and Rock Hill and Spartanburg at $2.52

"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. "The latest round of figures from the EIA shows that gasoline demand is significantly higher than this time last year. A strong economy is helping to fuel motorists along, as we approach the most traveled Memorial Day in more than a dozen years. Those people affected by the higher prices at the pump, are likely cutting back on other expenses like shopping and dining out."

With Memorial Day being the unofficial start of summer, people are still expected to travel in near-record numbers, despite the price of gas. AAA expects there to be over 41.5 million Americans travelling, nearly 5 percent more than last year and in more than 12 years (since 2005.)

INRIX, a global transportation analytics company, expects travel delays on major roads could be 2-3 times longer than normal, with the busiest days being Thursday and Friday (May 24-25), as commuters mix with holiday travelers.

“Higher gas prices will not be enough to keep travelers home this Memorial Day weekend,” said Vicky Evans, Assistant Vice President, Travel Sales Development, AAA – The Auto Club Group. “A strong economy and growing consumer confidence are giving Americans all the motivation they need to kick off what we expect to be a busy summer travel season with a Memorial Day getaway.”

For more information on gas prices, click here. For AAA's full travel report, click here.


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