Gas prices on the rise in Rockford

  • Gas prices on the rise in Rockford

Gas prices on the rise in Rockford

The price of gasoline continues to climb with a gallon of gasoline costing 50 cents more than it did at this time previous year.

"We expect gas prices to continue to rise well into Memorial Day weekend and toward the beginning of June". Wright says a record number of drivers are expected to be on the road for the Memorial Day weekend.

Airfare is cheaper. AAA's Leisure Travel Index estimates Memorial Day airfare is 7 percent lower this year, averaging $168 for a round-trip flight on 40 of the top domestic routes. This is an increase of 5.3 percent from past year and the highest number on record for the holiday.

AAA predicts drivers will experience the most congestion on roadways on May 24 and May 25, in the late afternoon.

The jump in gasoline prices the past year, if sustained, would cost the average American $450 a year, offsetting about half the tax benefit, Mark Zandi, chief economist of Moody's Analytics, said in an interview published last week.

About 89 percent of Florida travelers drive during Memorial Day weekend compared with about 8 percent who fly. For Denver specifically, the current average is $2.67, up from $2.65 a day ago.

Florida travelers are part of almost 42 million Americans who are expected to travel during the May holiday weekend.

Before hitting the road, motorists can get road-trip ready by having their vehicle battery tested, checking tire condition, and ensuring their auto is up-to-date on routine maintenance. "Be prepared for emergencies with a mobile phone and vehicle charger, a flashlight with extra batteries, a first-aid kit, a basic toolkit, and drinking water and snacks for all passengers".

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Memorial Day weekend, which AAA calls the unofficial kickoff of the summer travel season, is less than two weeks away, and AAA says more than 41.5 million Americans will travel 50 miles or more from home over the holiday weekend.

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