Economy

Gas prices continue to be on the rise

Gas prices continue to be on the rise

Motorists are seeing 19% of gas stations selling gas for $3.01 or more and the price of gasoline 16 cents higher than one month ago and 53 cents more than one year ago.

More people are flying.

Trains, buses, rails and cruise ships are expected to net a total of 1.8 million passengers, including 35,000 Georgians.

It was ten years ago that the average price at the pump for Americans was over the four-dollar mark, so the three-dollar price may seem to be acceptable to many. The increase is on par with the national trend, which saw a near 6 cent increase in the past week.

Gas prices have gone up 17 cents since last month, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.

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In Tennessee, the average gas price is $2.62. The current average is $2.94 per gallon, which is up more than 60 cents per gallon from this time a year ago.

The Energy Information Administration (EIA) noted in its Short Term Energy Outlook that it expects gas prices to average $2.90 per gallon, up from the average of $2.41 last summer. It's believed that the tax cuts signed into law in late 2017 are encouraging Americans to travel more.

Automobiles: More than 90 percent of OH travelers (nearly 1.5 million), will drive to their destinations this Memorial Day, 4.6 percent more than previous year.

This time past year, a gallon of regular was priced at an average of $2.32 per gallon in Colorado.

Las Vegas ranked as one of the top travel destinations for Memorial Day weekend, according to AAA. The jump comes as millions of Ohioans get ready to hit the road for the first official holiday of the summer. Make a good B-E-T to stay on the road this summer by having your Battery tested, looking for Engine coolant leaks and checking Tire condition. Be prepared for emergencies with a mobile phone and vehicle charger, flashlight with extra batteries, first-aid kit, basic toolkit, and drinking water and snacks for all passengers. AAA's projections are based on economic forecasting and research by IHS Markit of London.