The Memorial Day weekend travel is underway and if you’re heading out by car, you might feel a pinch at the pump.
The national average for a gallon of gas heading into the weekend is $3.04, up more than a dollar over last year.
Increased demand as more Americans return to pre-Covid-19 activities is one of the factors driving up prices.
The latest Triple-A Fuel Survey puts North Dakota’s average at $2.85. Minnesota is a penny cheaper at $2.84 a gallon.
Key Takeaways:
- The 2021 Memorial Day holiday travel volume forecast of 37.1 million reflects a substantial increase from 2020. While growing more than 60% from last year (which saw 23 million travelers), 2021 travel will see 13.3% fewer Americans travel as compared to 2019 (which saw nearly 43 million travelers).
- Travel by automobile will rebound from the significant drop in 2020. Nearly 12 million more Americans will travel by car this holiday than in 2020, an increase of more than 52%. Travel volume by car will remain 3.3 million below 2019 levels (-8.7%).
- Air travel volume fell from 3.2 million in 2019 to just 363,000 in 2020. This year, air travel will rebound to 2.5 million. This represents an unprecedented 577% increase over 2020, and a 23% decrease compared to 2019. Share of travel by air will remain low at 6.6%.
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