This Memorial Day weekend, surging gas prices are redefining pain at the pump.
The average gas price in the U.S. on Thursday was $4.60 per gallon, according to AAA figures. In California, it topped $6. The high price of oil — largely because many buyers are refusing to purchase Russian oil because of its invasion of Ukraine — is the main cause of the steep gasoline prices.
Americans aren’t the only ones weighing their options as the summer travel season begins. Across the European Union’s 27 countries, gasoline has risen 40% from a year ago, to the equivalent of $8.40 a gallon.
Rising prices in the U.S. coincide with
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