Highest-ever gasoline prices expected this Memorial Day

Houston Business Journal

Texans will be paying the highest prices ever for a gallon of gasoline during the Memorial Day holiday weekend, according to AAA Texas.

This week, the state recorded an average price of $3.68 for a gallon of self-serve gas after prices climbed 15 cents. Nationally, the average price shot up 13 cents to a new record of $3.78 per gallon.

"Record gas prices and tough economic times appear to be forcing some Americans to stay home this holiday," said AAA Texas spokeswoman Rose Rougeau.

Houston prices soared 13 cents this week to an average of $3.65 a gallon, while the Galveston-Texas City area saw a rise of nearly 11 cents to equal Houston at $3.65.