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U.S. gas prices stabilize some, but expected to rise for Memorial Day

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U.S. gas prices stabilize some, but expected to rise for Memorial Day
Drivers line up at an Arlington, Va., gas station to buy fuel on May 13, amid shortages due to the Colonial Pipeline attack. Photo by Jemal Countess/UPI | License Photo

May 25 (UPI) -- Drivers in the United States will see the most expensive gas prices in seven years, experts say.

While gas prices have stabilized since the Colonial Pipeline cyberattack, AAA expects prices to hover above $3 per gallon in many parts of the United States. That's a rise of 17 cents per gallon over the past month.

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The last time prices were this high for Memorial Day weekend was 2014.

The Energy Information Administration said Monday gas prices are up by at least $1 compared to 2020 in virtually every segment of the country.

"AAA expects 37 million Americans to travel, mostly by car and plane, for the Memorial Day holiday weekend," AAA spokeswoman Jeanette McGee said in a statement.

"That is a 60% increase over last year's holiday and a strong indication that summer travel is going to be largely popular.

The national average on Tuesday was $3.04 per gallon, according to AAA. California has the most expensive gas ($4.17 per gallon) and Mississippi and Louisiana have the least expensive fuel ($2.71).

"With the increase in travel demand, gas prices are going to be expensive no matter where you fill up, so plan ahead," McGee added.

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"Holiday road trippers may come across some gas stations with low fuel supply in popular travel destinations, like beaches, mountains or national parks."

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