Alexander Ryumin\TASS via Getty Images
The average gas price is at its highest since 2014, at $3.04 per gallon on Sunday.
Labor shortages, increased demand and lingering fallout from a cyberattack on the Colonial Pipeline are impacting the gas market.
As vaccines roll out, more Americans are planning to travel this summer, many by car.
Gas prices reached a seven-year high, at an average of $3.04 per gallon on Sunday, up $1.14 per gallon from the same time last year, according to AAA.
The spike in price comes as more than 37 million Americans are expected to travel this weekend, with 9 out of 10 driving, according to AAA s annual Memorial Day weekend forecast. That s a 60% increase from the same time last year, which was the lowest recorded since AAA started forecasting in 2000.
90% of Export-Import Trade Moves By Sea? Well, That s Misleading forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
A Boeing 737 Max declared an emergency before landing safely on Friday. The 737 Max model has been plagued with issues since it was grounded in 2019. American
ANGELA WEISS/AFP via Getty Images
Shares of Westport Fuel Systems soared as high as 50% on Monday after the company agreed to supply natural-gas truck engines to Amazon.
Amazon has ordered over 1,000 engines from Westport as the Seattle-based e-commerce giant explores new ways to reduce carbon emissions.
Craig-Hallum analyst Eric Stine called the agreement arguably one of the most significant events for natural gas for transportation in many years.
Shares of Westport Fuel Systems soared nearly 50% to a five-year high on Monday after the company agreed to supply natural-gas truck engines to Amazon s shipping fleet.
The e-commerce giant has ordered over 1,000 engines from Westport as a part of a multi-year rollout, boosting Amazon s growing truck fleet. The trucks will be supplied by a joint venture between Vancouver, Canada-based Westport and Columbus, Indiana-based Cummins Inc., a power technology company.