
The national average for gas has reached $4.56 per gallon, with projections suggesting it could hit $4.90 next week and potentially $5.00 by Memorial Day. Henrietta Treyz, co-founder of Veda Partners notes that if the strait does not reopen, prices will likely exceed $5.00, resulting in significant economic and political pain. This surge is already impacting consumer behavior, with the CEO of McDonald's preparing for a decline in sales as low-income customers limit their driving to conserve fuel.
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