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Gas Prices Surge Ahead of Memorial Day Weekend, Hitting Record Highs

KVIA•Wednesday, May 20, 2026 at 11:25 AM•CNN Newsource

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AI Summary

As Memorial Day weekend approaches, Americans are facing historically high gasoline prices, with a national average expected to reach $4.48 per gallon, a 42% increase from last year. This spike is attributed to the ongoing conflict with Iran, which has disrupted global energy markets despite emergency measures taken by the Trump administration. GasBuddy forecasts that prices could rise to $5 per gallon in the coming month if tensions continue. This increase impacts millions of drivers, particularly those commuting long distances, and contributes to rising inflation, which hit nearly 4% in April. The situation has led to widespread frustration among voters regarding economic management, with only 21% approving of Trump's handling of gas prices.

Key Details: • Gas prices expected to average $4.48 per gallon this Memorial Day weekend. • Projected increase to $5 per gallon possible next month if Iran conflict persists. • 39.1 million Americans expected to travel by car this weekend, despite high costs. • Inflation rate reached nearly 4% in April due to rising energy costs.

economy gas-prices iran inflation memorial-day

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Donald TrumpAAAPatrick De HaanGasBuddyTaylor Rogers

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