Record gas price will do nothing to discourage visitors from vacationing this Memorial Day. National average by AAA is $4,596 per typical gallon – up 51% from the $3,039 average this time a year ago. However, one study found that 82% of people taking a long road trip next weekend plan to go by car.
To be fair, Cars.com survey shows that car travel is down 7% compared to 2021, even though total travel by all modes is up 8%. Those who won’t drive say gas prices, inflation and concerns about COVID-19 all play a role.
Furthermore, the survey found that 11% of cyclists this year will do so within tram. Based calculate between one 2022 Volkswagen Tiguan and 2022 Volkswagen ID.4, EV drivers will save about 25% per mile. It’s not as much of a savings as you might think, but it’s still substantial. Obviously, your mileage will vary depending on the cost of gas in your area and how efficient your car is.
Fuel prices are expected to remain high due to Russia’s continued invasion of Ukraine. Although Russian oil contributes less than 2% to the US supply, according to one NBC News Newspaper, many countries have announced the elimination of Russian oil, which previously accounted for 10% of the world’s supply. This puts demand on other sources, and as demand increases, so do prices.
According to AAA, the current highest US average by state can be found in California, where an average regular gallon costs $6,069. The cheapest can be found in Oklahoma, averaging $4,037 per gallon. Neighboring states tend to follow suit. So good luck if your travel plans take you to the West coast and congrats if you’re traveling through the Great Plains.
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