over 39 million people expected Hit the road this Memorial Day weekend, from the gas tank to the grill, and it’s going to be one of the most expensive weekends on record.
While many Americans are eagerly anticipating their first Memorial Day in three years without federal COVID-19 restrictions, experts are warning consumers to be wary of another threat: jacking up prices.
“Americans have held on to their desire to hit the road as gas prices continue to set new records ahead of Memorial Day, but we’re sure to see more indecision due to rising gas station prices,” Patrick De Haan, head of petroleum analysis at GasBuddy, said the company’s Annual Summer Travel Survey.
GasBuddy survey finds Memorial Day weekend will be the most popular travel weekend in summer, but respondents remain concerned Inflation hits 40-year high.
“Soaring Inflation Leads to Uncertainty due to rising costs. The COVID factor is still there, but this year has been dwarfed by Americans’ concerns about high gas prices and reducing affordable travel options to take advantage of the best months of the year,” De Haan continued.
A staggering 70% of respondents said their summer travel plans were affected by historic gas prices, which were nearly three times higher than a year ago.
“It’s too expensive. I’d rather ride a bike than pay those prices,” laments Connecticut native Ryan Bubrosky Regular payment of $5.25 per gallon Gasoline at his local gas station.
It’s not just gas prices that Americans have to worry about this weekend. The cost of a Memorial Day BBQ will also be the highest in four years.
According to the latest Bureau of Labor Statisticsthe cost of Memorial Day weekend staples, hot dogs and hamburgers, rose 6.9 percent and 14.8 percent, respectively, from the previous year.
Propane, run roughly 47 million outdoor grills In the U.S., that’s a 26.5% increase from 2021.
Republicans on Capitol Hill point out Biden Government spending and clean energy policies contributed to the high prices.Senate Minority Member Mitch McConnell slammed the president in the Senate this week after he hinted at a news conference in Japan that the move away from fossil fuels is “An incredible transformation”.
“According to President Biden, it’s all part of what he called the quote — ‘incredible transformation.’ Well, that’s a description of his administration as the most affordable, reliable, and richest for our country. energy in the form of war,” said the Kentucky senator.
“The consumer price index continues to hover at levels our economy has not seen in four decades. As we enter Memorial Day weekend, the American people have become a reluctant expert on its painful real-life impact.”
In terms of elections, Republicans are pleading with voters Remember the price they paid this weekend at the November polls.
“It’s going to be a long, hot summer in terms of Memorial Day prices. Travel, whether it’s a vacation or grocery shopping, is now more expensive than ever. No solution proposed, just Joe Biden and Democrats have exacerbated an already historic inflation rate,” RNC spokesman Will O’Grady told FOX Business.