Americans to spend $1.6 billion less on gas this Memorial Day weekend

This Memorial Day weekend, as Americans celebrate the unofficial start of summer, the roads will be crowded, just like the skies.

This holiday weekend, more than 37 million people are anticipated to travel by car, an increase of 6% from the previous year, according to AAA.

The cost of road trips is decreasing despite an increase in driving. Gas prices will be much lower for motorists nationwide than they were a year ago.

According to AAA, the national average price for regular gas is $3.57 per gallon as of Friday.

This is higher than wintertime lows, but it is lower than the average of $4.60 from last year, which was also the national average on the Friday before Memorial Day.

According to GasBuddy, consumer spending on gasoline over the four-day weekend is likely to fall by $1.6 billion compared to last year.

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