GasBuddy says gasoline prices at the pump may climb past $3 a gallon by Memorial Day, following a decision by OPEC and its allies to keep production curbs in place through April. The national average for regular unleaded hasn’t topped $3 since Oct. 2014. News of the production curbs sent oil prices rallying yesterday to their highest level since April of 2019. This morning, crude is trading around $65 a barrel.
U.S. travel demand remains low even as tens of millions of people get vaccinated for Covid-19, with just 12% planning a spring break trip this year. The U.S. Travel