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1 billion americans6/29/2023 So, today’s gas prices are not cheap historically. Overall, oil supply has improved, including in the United States where annual oil output is projected to hit an all-time high. GasBuddy told CNN that consumer spending on gasoline will likely plunge by $1.6 billion during the four-day weekend, compared with last year. That’s up from wintertime lows - but down by more than $1 from the year-ago average of $4.60, which was also the national average on the Friday before last Memorial Day. The national average for regular gasoline stands at $3.57 a gallon as of Friday, according to AAA. Drivers across the country will be greeted by gas prices much cheaper than a year ago. Despite rising road travel, the cost of road trips is easing. More than 37 million people are expected to hit the roads this holiday weekend, up 6% from a year ago, according to AAA. Much like the skies, the roads will be busy this Memorial Day weekend as Americans celebrate the unofficial start of summer.
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