Gas prices: Trump says ‘peanuts’. Could they hit all-time Memorial Day high?

The sticker shock on Memorial Day, the unofficial start of the summer driving season, adds to the cost-of-living frustrations that have soured voters on the Trump economy.

GasBuddy, a crowdsourced fuel price platform, expects the national average will be about $4.48 a gallon this Memorial Day. That would be 42% above the price last Memorial Day and the second-highest on record, according to GasBuddy.

The only time gas was more expensive on Memorial Day was in 2022 when the average was $4.61 a gallon in the wake of Russia’s invasion of Ukraine.

CNN Business senior reporter Matt Egan looks at rising energy costs for Americans as President Trump downplays it as “peanuts” compared to the threat of Iran’s nuclear program. Also, CNN global economic analyst Rana Foroohar details the impact rising costs may have on the midterm elections.

0:00 CNN’s Matt Egan on spiking gas prices ahead of Memorial Day weekend
2:00 How much more are American families spending on energy since Iran war started
3:29 Financial expert on how rising costs may impact the midterm elections
8:28 Is there a coming shortage of motor oil?

Watch more CNN here: https://cnn.it/4kh5RPe

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