Gas prices ramp up ahead of Memorial Day weekend


More than 1.2 million North Carolinians are expected to hit the road during the Memorial Day holiday weekend and analysts from AAA Carolinas said they will pay a premium for it.

CT comes in at $3.13 a gallon with New Jersey just over $3 a gallon.

Fuel prices were not expected to rise this high this year. It is the flawless time for tips to take the sting out of gas prices, says Robert Sinclair of AAA. It remains unclear exactly how much Iranian oil will get knocked offline, but it's safe to say the Iran decision has supported oil and gas prices.

"Typically more than our regular weekend we'll come up aside from the holiday weekend, as well Memorial Day, Fourth of July, it's always hiked up", said Mitch Kujawa. However, many prices in the Triangle are below the state average. At least one gas station in New York City had gas priced at $4.99 per gallon on Tuesday.

"It's really, really frustrating, especially since there's like a lot of disparities between gas prices and location", said Lucas Cliff, who was also filling up his vehicle Thursday.

The American Autombile Association is reminding drivers not to drive home impaired over the Memorial Day weekend. The survey estimated 3.1 million people will travel by air, a almost 7 percent increase and the fifth year of consecutive air travel volume increases.

As of Friday morning, the national average price for a gallon of gas is $2.97 - a 60 cent leap from the cost a year ago, according to AAA statistics.

But even as the prices are surging, there are ways to save at the pump. Prices jump up in huge amounts then they start to trickle back down.

Perhaps the biggest reason for the recent increase are oil prices that have hit a 41-month high after the Organization of the Petroleum Exporting Countries extended production cuts and the strong global economy stoked demand. "But I don't think it will hold people back". OPEC and Russian Federation are due to meet in Vienna on June 22.

DeHaan says the GasBuddy Summer Travel Survey found that less people are planning summer road trips due to the higher prices.