Gas Buddy has released its annual Summer Travel Survey and Forecast. Its forecast is for the national average reaching $4.48 per gallon by Memorial Day, up sharply from $3.14 per gallon a year ago. It could average $4.80 per gallon over the summer from Memorial Day through Labor Day, with the possibility of all-time record highs if the Strait of Hormuz remains closed for a significant portion of the summer. The national record high for a gallon of regular unleaded gasoline is $5.01, and the record high for a gallon of diesel is $5.81, both set in June of 2022. Gas Buddy says, even after the Strait of Hormuz fully reopens, sub-$3 gas is unlikely to return for many months, possibly more than a year. Despite the price surge, 56 percent of Americans still plan to drive more than two hours this summer, a decrease from 69 percent last year.