Gas prices on the rise ahead of Memorial Day weekend

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DENVER -- With Memorial Day weekend and the unofficial start of summer just a week away, there’s some bad news at the gas pumps as prices are spiking and could impact travel plans.

Nationwide, gas prices have jumped about 22 cents in the past three weeks.

The average Denver-area gas prices are $2.55 for a gallon of regular. One month ago, the average price was $2.28 per gallon, though one year ago, prices were running at $3.43 a gallon.

The national average is at $2.71 a gallon, so while Denver-area prices are cheaper than nationally, they’re still higher.

Industry analyst Trilby Lundberg said higher crude oil prices caused by a weaker dollar and strong demand are driving the increase. But experts say prices should stabilize over the summer.

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