{"id":126776,"date":"2021-05-28T20:54:47","date_gmt":"2021-05-28T20:54:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=126776"},"modified":"2021-05-28T20:54:47","modified_gmt":"2021-05-28T20:54:47","slug":"white-house-pushes-back-as-memorial-day-weekend-gas-prices-top-3-for-first-time-in-7-years","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/white-house-pushes-back-as-memorial-day-weekend-gas-prices-top-3-for-first-time-in-7-years\/","title":{"rendered":"White House pushes back as Memorial Day weekend gas prices top $3 for first time in 7 years"},"content":{"rendered":"
Lipow Oil Associates President Andrew Lipow provides insight into surging gas prices and why it can be seen as a good thing.\u00a0<\/p>\n
The White House on Friday moved to quell concerns of gasoline prices on Memorial Day Weekend surging above $3 per gallon for the first time in seven years. <\/p>\n
Regular gasoline averaged $3.04 per gallon nationally on Friday, according to AAA. Prices, which are the highest for Memorial Day Weekend since 2014, were $1.08 more expensive than a year ago, when demand was depressed due to COVID-19. <\/p>\n
"While prices have increased from the lows last year—as demand drastically dipped—prices at just about $3 per gallon are still well in-line with what they’ve been in recent decades," press secretary Jen Psaki said in a statement. <\/p>\n