GasBuddy is warning motorists today that the national average may breach $3 per gallon by Memorial Day after OPEC’s meeting on March 4 closed with no meaningful increase in oil production. The group’s large cuts to oil production in 2020 will generally be extended, with just Russia and Kazakhstan granted small exemptions to raise oil production by 130,000 barrels a day and 20,000 barrels a day, respectively. In response, crude oil prices rose to fresh highs, with a barrel of West Texas Intermediate crude oil nearing $65 per barrel, the highest level since 2019.

The last time the national average reached the $3/gal threshold was over 2,300 days ago, on Oct. 10, 2014, but it did get close in 2018, when the national average reached $2.97 per gallon.