Kansas City Memorial Day Weekend Starts Road To $6 Per Gallon Gas

At the outset of the Summer travel season we can only look toward gas prices, inflation and the cost of living growing more expensive. 

To wit . . .


Right now the average is around 4 bucks in the metro and Kansas City is blessed to stand about a dollar below the national average of 5 bucks. 

Here's a peek at economist predictions . . .

Consumers are already spending thousands more annually on gasoline due to the surge in prices at the pump, with the typical household now spending an annualized $4,800 on gas — a 70% jump from a year ago, according to Wall Street economist Ed Yardeni.

But more pain could be in store for drivers as the summer travel season kicks off, according to JPMorgan commodities analyst Natasha Kaneva, who predicts a "cruel summer" ahead.

"With expectations of strong driving demand — traditionally, the U.S. summer driving season starts on Memorial Day, which lands this year on May 30, and lasts until Labor Day in early September — U.S. retail price could surge another 37% by August to a $6.20/gallon national average," she wrote in her May 17 research note.

Something to remember during the Summertime when locals mistakenly believe that they will be able to use their bikes forever as a flimsy mode of transit . . .


This means that inflation isn't going to get better any time soon and voter frustration about the economy will continue to resonate as we delve into election season.

Read more via www.TonysKansasCity.com links . . .

Record high Memorial Day gas prices are stinging consumers and impacting travel

The Memorial Day holiday weekend marks the start of the summer driving season, and already drivers are limiting their trips due to record gasoline prices that are expected to go even higher. The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60.

"Cruel summer": Gas could hit $6.20 per gallon nationally by August, analyst predicts

California drivers are grappling with the most expensive gas in the nation, shelling out an average $6.06 per gallon as of Thursday. That could soon be the fate of drivers in the rest of the nation, according to a JPMorgan analyst, who predicts the national average per gallon price could reach $6.20 this summer.

Republicans slam Biden for draining oil reserves as gas prices remain at record high

EXCLUSIVE: Republicans sharpened their attacks against the Biden administration and its energy policies on Thursday, accusing the White House of draining the nation's strategic reserves as a "stopgap measure" that did little to combat high gasoline prices.

Drivers line up for $2.12 a gallon gas in Missouri town

FREDERICKTOWN, Mo. - The lines were long around the BMW Convenience gas station in Fredericktown Thursday afternoon. For 90 minutes, gas prices were $2.12 per gallon. Lisa Hovis was one of the drivers who waited in line for what amounts to nearly a half-price tank of gas.

Biden is 'obsessed' with lowering 'outrageous' gas prices, but presidents don't control prices, says Energy Secretary

Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices, though she concedes that even the most powerful person on the planet has limited influence to do that.

High gas prices, energy security fears impede decarbonisation push

DAEGU, South Korea, May 27 (Reuters) - Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on edge and impeding the push towards decarbonisation, energy executives said.

CNN's Jake Tapper cuts off White House adviser who blamed gas prices on Putin

CNN anchor Jake Tapper intervened on Monday after one of President Biden's top economic advisers sought to blame the record surge in gas prices on Russian President Vladimir Putin's decision to invade Ukraine. The exchange occurred after Tapper pressed White House National Economic Council Director Brian Deese for answers on how long Americans will face surging gas prices.

Americans sound off on gas prices after Biden says they're part of 'an incredible transition'

Americans in the Garden State sounded off on gas prices after President Biden said the surging costs are part of "an incredible transition." "I don't believe a word he says," one woman, Theresa, told Fox News. "He's been in the business for 40-something years and hasn't done too much."

Developing . . .