A record number of people are expected to travel by car over Memorial Day weekend, a sign of resilient demand for fuel amid surging pump prices, at least for now.
Some 39.1 million people are projected to drive at least 50 miles for the holiday weekend and unofficial start of summer, the American Automobile Association said on Monday, while 39 million people took road trips during the same period last year.
A gallon of gas is now holding above $4.50, up from around $3.17 during the same weekend last year, according to AAA data.
“People aren’t going to want to ...
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