<div id="readability-page-1"><div>Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years.<img width="500" height="384" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-19_08-03-04.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-19_08-03-04.png"/>With the U.S. national average sitting at $4.53 per gallon (according to AAA data) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins.Let's start with the chart of the day: AAA retail gas prices in the U.S. on a seasonal basis closely track the 2022 run, when the Russia-Ukraine conflict was in its first several months.Gas prices in 2022 did not top out until mid-June.<img width="500" height="274" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/Snag_8c6e8ce1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/Snag_8c6e8ce1.png"/>The impending problem, with no near-term Hormuz resolution, as JPMorgan analysts recently warned, is that the world is spiraling toward a catastrophic cliff-edge shortage of crude oil if the maritime chokepoint remains blocked into June.<img width="500" height="307" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/HHUReTIXEAADYlQ.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/HHUReTIXEAADYlQ.jpg"/>Former CIA analysts and current RBC commodities head Helima Croft told clients days ago that she is &#34;very skeptical of a June grand reopening or even that maritime traffic will return to February 27 levels for the foreseeable future.&#34;AAA Retail Gas Price Map<img width="500" height="181" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-19_07-54-05.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-19_07-54-05.png"/>For Memorial Day 2026, AAA forecasts around 39.1 million Americans will travel by car, representing 87% of all holiday travelers. That will create a meaningful near-term lift in gas demand, especially from Thursday through Monday.EIA notes that gas demand typically rises into the summer driving season, while last year's Memorial Day period coincided with the highest weekly implied gas demand of 2025 up to that point.So, in an already tight gas market, a busy Memorial Day driving weekend can certainly pull more barrels through the system, support pump prices, and may only lead to higher prices if no Hormuz resolution is found in the near term. The demand destruction level sits around $5.</div></div>

西方石油

油气开采 ETF - SPDR

美国油气勘探与生产 ETF - iShares

随着阵亡将士纪念日的临近，美国汽油价格的全国平均为每加仑 4.53 美元，由于霍尔木兹海峡未解决的紧张局势，可能会出现价格上涨。分析师警告，如果海上交通不尽快恢复，原油短缺的风险将加剧。美国汽车协会（AAA）预测将有 3910 万美国人选择驾车出行，这将在假期周末提高汽油需求，可能会将价格推向 5 美元的需求破坏阈值

Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears

ZeroHedge

美国布伦特原油期货基金

标普全球能源股指数 ETF - iShares

能源业 ETF - SPDR

美国石油设备与服务 ETF - iShares

标普油气设备与服务 ETF - SPDR

炼油公司指数 ETF - VanEck Vectors

油气服务 ETF - Market Vectors

能源业 ETF - Vanguard

美国 WTI 原油 ETF

2 倍做多彭博原油 ETF - ProShares

摩根大通

加拿大皇家银行

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

阵亡将士纪念日的汽油需求激增与霍尔木兹海峡的冲击相碰撞，5 美元的需求破坏线即将逼近