The U.S. is predicted to spend $ 4.7 billion on gasoline over Memorial Day weekend

According to GasBuddy, an app and website that focuses on getting real-time fuel prices, Americans are expected to spend about $ 4.7 billion on gasoline from Friday through Monday of Memorial Day weekend.

That’s about $ 1.18 billion spent on gas every day. Give or take $ 1 million, Patrick De Haan, head of petroleum analysis at GasBuddy, told CNBC Make It.

GasBuddy predicts the national average price for gasoline will be $ 2.98 a gallon during Memorial Day weekend, the highest price since May holiday weekend since 2014 when gasoline hit $ 3.66 a gallon. (AAA reported slightly higher averages of $ 3.04 per gallon Thursday.)

“Gas prices have been rising for months due to the continued surge in gasoline demand as a multitude of destinations reopen before the summer driving season. The shutdown of the Colonial Pipeline has only shown how much consumers have been dependent on gasoline since the outbreak of the pandemic, ”says De Haan.

Gasoline prices should begin to decline after Memorial Day, but De Haan warns that a rebound is coming and gasoline prices could rise again in mid-summer.

If you’re planning a road trip this summer, here are a few tips to help you save money at the gas pump.

1. Compare prices

Whether through GasBuddy or other driving apps that show local gasoline costs, like the AAA Mobile App or Waze, it’s worth looking around for the best price. A small difference can add up.

The average summer road trip is 568 miles there and back, according to the Bureau of Transportation Statistics. Assuming you have a car with an average 12 gallon gas tank, you will save over $ 20 if you save just 5 cents per tank.

You should also be aware that fuel prices can fluctuate depending on your location. AAA recommends getting gasoline before arriving at your destination, as many popular beach and vacation spots tend to have more expensive gasoline prices.

2. Make sure your car maintenance is up to date

3. Drive calmly

Not only can being a zen driver reduce your stress levels, but it can also help you conserve gasoline. Because aggressive driving with a lot of lane changes, braking and rapid acceleration can increase fuel consumption on the motorway by 30%.

Trips over 80 km / h can also have an impact, as they increase the vehicle’s wind resistance. For every five miles an hour you drive over 50, you will likely pay an additional $ 0.21 in gasoline.

4. Take advantage of loyalty programs

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