Gas prices skyrocket on Memorial Day weekend. These places are the most affected.



  Why are gas prices going up?

Gas prices have skyrocketed, and some areas of the country feel it more than others.

Higher price rises have affected the Midwest. During the past month, the average price per gallon of gasoline in Michigan increased 32 cents, more than in any other state. Its state average recently reached $ 3.15, according to data from GasBuddy, a platform that tracks prices in real time at stations across the country.

North Dakota gas is $ 2.96 on average, about 29 cents more than a month ago. And Wisconsin gas reached $ 2.94 per gallon, an increase of 28 cents. Wyoming, Minnesota and Ohio complete the first six.

The national average price per gallon of regular gasoline is approaching the $ 3 mark, making it the most expensive for a Memorial Day weekend since 2014, according to the American Automobile Association.

The high gas prices can be attributed to factors such as the cuts in oil production orchestrated by OPEC and Russia, the reduction of production in Venezuela and the decision of the United States to abandon the nuclear agreement with Iran.

Related: Gas prices have risen 31% since the last commemorative day. Here's why

Everything that may seem quite remote for vacationers who hope to start the unofficial start of summer relaxing on the beach. But if that beach is in California, it is likely that the highest pump prices in the country are near.

The west coast typically has the most expensive gas. Geography, high demand and clean air regulations contribute to the price per gallon. People in some areas, like San Francisco, are seeing prices close to $ 4 per gallon.

  gas prices commemorative day
Prices at the gas station have not been so high for the weekend of Memorial Day since 2014, when oil was in three-digit territory.

The American cities that have experienced the biggest price increases at the pump are also spotted throughout the Midwest.

In Toledo, Ohio, gas prices have risen 41 cents, and across the border in Monroe, Michigan, residents have seen an increase of 40 cents.

Monroe City Council Member Kellie Vining told CNNMoney that she has "heard many complaints" about gas prices and, for some, is holding back the holiday weekend.

He said he spoke with a local farmer who canceled his Memorial Day weekend vacation in the Upper Peninsula of Michigan "directly due to the increase in gas prices."

"I represent a working clbad neighborhood and I am concerned about the ability of my constituents to keep pace with high fuel prices, especially when combined with other utilities and insurance," Vining said in an email.

Related: Saudi Arabia says that OPEC and Russia will pump more oil & # 39; in the near future & # 39;

Patrick DeHaan, head of oil badysis at GasBuddy, says it's really a matter of bad timing that price increases made seem so dramatic in the Midwest.

Gas prices tend to move between highs and lows, and it happens that the seasons at the heart were at the lower end of that pricing cycle a month ago. Therefore, it is fact that the recent price increases seem more pronounced.

There are no signs that a more expensive gas will have a significant overall impact on the number of people heading to drive this holiday weekend.

AAA predicts that 36.6 million people will be on the roads, about 4.7% more than the weekend of Memorial Day in 2017.

A single state is not expected to see a decrease in the number of people who travel by car, according to an AAA spokesperson.

CNNMoney (New York) First publication May 26, 2018: 2:54 PM ET


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