Memorial Day drivers see lower gas prices

Happy Almost Memorial Day weekend! It's Paul Davidson bringing you today's top headlines from The Daily Money.

With Memorial Day road travel expected to return to pre-pandemic levels, gas prices are also doing their part to make the trip feel more like old times.

Regular unleaded gasoline averaged $3.57 a gallon nationally Friday, down from $4.60 a year ago, according to AAA.

An estimated 42.3 million travelers will drive at least 50 miles from home this weekend, up by 2.7 million, or 7%, from last year and the third-busiest Memorial Day holiday since 2000, AAA says.

Colorado Springs tops list of cities for college grads

So you just graduated college. Now where should you live?

Colorado Springs is the top destination for newly minted grads, according to a Zillow index that accounts for income, housing costs and job openings, among other factors. The typical college grad makes $63,000 annually in the metro area and benefits from strong job growth and a large population of young adults, the online real estate marketplace says.

Those pluses more than offset the hefty 35% of income the new workforce entrants must set aside for rent (without roommates), Zillow says.

Spokane, Washington, and Des Moines, Iowa, take second and third place in Zillow’s ranking.

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The summer party season starts Memorial Day weekend and some Mexican drinks have become among the most popular. Mexican beers, especially Modelo, are gaining favor along with non-alcoholic craft beers such as Don Equis Lime & Salt Zero.

Premium tequilas are also hot, along with High Noon tequila seltzers and non-alcoholic mocktails. Spending on spirits at retail edged up 1.2% last year. Outlays on beer rose while wine sales dipped.

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