US national average gas price rises after a short-lived dip, hitting $4.53
After nearly a week of declines, the national average price for a gallon of regular gas is rising again with Memorial Day less than two weeks away.
Today, the price sits around $4.53, which is a couple of cents lower than it was last week. But with crude oil prices floating around the $100-per-barrel range, gas prices remain around their highest levels since 2022.
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
The uptick comes as we get closer to Memorial Day weekend, with many drivers preparing to hit the road facing the highest price at the pump during the summer holiday in four years. GasBuddy’s Patrick De Haan told Sherwood News last month that gas could potentially hit $5 by then.
Prediction markets show traders pricing in a 62% chance that gas could continue to rise past $4.50, while 13% bet it could rise to about $5.00 by the end of May.
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
The uptick comes as we get closer to Memorial Day weekend, with many drivers preparing to hit the road facing the highest price at the pump during the summer holiday in four years. GasBuddy’s Patrick De Haan told Sherwood News last month that gas could potentially hit $5 by then.
Prediction markets show traders pricing in a 62% chance that gas could continue to rise past $4.50, while 13% bet it could rise to about $5.00 by the end of May.
