<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

油氣開採 ETF - SPDR

美國油氣勘探與生產 ETF - iShares

隨着陣亡將士紀念日的臨近，美國汽油價格的全國平均為每加侖 4.53 美元，由於霍爾木茲海峽未解決的緊張局勢，可能會出現價格上漲。分析師警告，如果海上交通不盡快恢復，原油短缺的風險將加劇。美國汽車協會（AAA）預測將有 3910 萬美國人選擇駕車出行，這將在假期週末提高汽油需求，可能會將價格推向 5 美元的需求破壞閾值

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

ZeroHedge

美國布倫特原油期貨基金

標普全球能源股指數 ETF - iShares

能源業 ETF - SPDR

美國石油設備與服務 ETF - iShares

標普油氣設備與服務 ETF - SPDR

煉油公司指數 ETF - VanEck Vectors

油氣服務 ETF - Market Vectors

能源業 ETF - Vanguard

美國 WTI 原油 ETF

2 倍做多彭博原油 ETF - ProShares

摩根大通

加拿大皇家銀行

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

陣亡將士紀念日的汽油需求激增與霍爾木茲海峽的衝擊相碰撞，5 美元的需求破壞線即將逼近