Los Angeles: Drive, or not to drive? With surging gas prices that are redefining pain at the pump, it is the question for many Americans as a new COVID-19 surge also spreads across the country this Memorial Day weekend. For some, that’s exactly what’s caused them to rethink their holiday plans, making them opt for a staycation in their backyard to limit the damage to their wallets.
The average gas price in the U.S. on Thursday was $4.60 per gallon, according to AAA figures. In California, it topped $6. The high price of oil — largely because many buyers are refusing to purchase Russian oil because of its invasion of Ukraine — is the main cause of the steep gasoline prices.
Americans aren’t the only ones weighing their options as the summer travel season begins. Across the European Union’s 27 countries, gasoline has risen 40% from a year ago, to the equivalent of $8.40 a gallon.