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Gas prices reach highest average in 7 years as Memorial Day travel surges but supply falls short

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Gas prices reached a seven-year high, at an average of $3.04 per gallon on Sunday, up $1.14 per gallon from the same time last year, according to AAA.

The spike in price comes as more than 37 million Americans are expected to travel this weekend, with 9 out of 10 driving, according to AAA’s annual Memorial Day weekend forecast. That’s a 60% increase from the same time last year, which was the lowest recorded since AAA started forecasting in 2000. 

California has the highest state average at nearly $4.20 per gallon as of May 30th, details ⇒

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