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Negotiation. u.s. economy grew faster in the first quarter than previously reported. 1.3%. the fed s pc index out later this morning. and on inflation watch gas prices held steady overnight. today s national average a little more than a dollar below a year ago. let s bring in chief oil analyst at opis. so nice to see you again. looking at average gas prices around the country, this is a little bit of a relief for the memorial day driving folks, right? a little less than last year. will that hold? actually it is a lot less than last year. you mentioned the average price is about $3.57. last year the price was more than $5. so you really don t have to be gas-trodomi september to predict ....
The country. madison is live in new jersey with the latest. madison. good morning. yes, it is memorial day weekend. it is important to remember why we have monday off. this long weekend is here and let me tell you, americans are headed on vacation. 42 million americans expected to travel for the long weekend with the vast majority, 37 million, using cars to get to their destination. gas prices eight is the $3.57, down $1 from last year and when gas was high, closer to $5 a gallon. the last three years, we are still paying a pretty penny for gas. flights seeing high demand. triple a says 11% increase in fliers this memorial day weekend, compared to last year. pete buttigieg says the industry ....
jacqui: yikes. bill: let you know how that turns out. jacqui: memorial day weekend officially here. tens of millions of americans on the move. hoping to avoid repeat of last summer marred by delays, madison is here with us. reporter: americans are going on vacation. 42 million travelers expected to go on a trip with the vast majority 37 million using their cars to get to their destinations. gas prices average $3.57 per gallon. that is down a dollar from last year. that was when gas was shockingly high closer to $5 a gallon. last three years, we are still paying pretty penny for gas. one driver said for this weekend it is not worth worrying about. don t look at the credit bills, spend the card. hope for the best. ....
Roads are going to be busy as summer kicks off. aaa says a 6% increase in road travel this memorial day weekend, but i am here with some good news because despite the rising demand the cost of road trips is actually going down. drivers are being greeted by cheaper gas prices this year, much cheaper, the national average is $3.57 a gallon, down by more than a gallon from the $4.60 years ago, miles away from the record high last june of $5.02 a gallon. gasbuddy says drivers in all 50 states are seeing lower gas prices, some of them a lot lower. in california the average is down by $1.31, new york, new jersey, florida all down by more than $1.20 from a year ago. ....
Highway altitude routes so that s supposed to help improve travel throughout the air. the factor in all of this as it is most memorial day weekends, the weather, obviously that s something they cannot control. severe storms moving through the south could have an impact for those getting ready to go in and out of that hub. the other part of this, the roadways, an estimated 37 million driving. gas much cheaper this year, 3.57 per gallon as opposed to 4.60 last year. something to keep an eye on, namely the airlines. george solis, we appreciate you, thank you. for more on this, i want to bring in transportation secretary pete buttigieg to talk more about this. thank you for joining us. it s going to be a very busy travel weekend. you look at what happened last summer, obviously a lot of folks worried about what could be in our future. are we ready? well, it s only friday, but so far so good. ....