Gas prices to raise on 4th July, climbs the highest in 6 years since 2008 – WallStreet OTC

“Although gas prices in the Southeast remained relatively stable from last week, it wouldn’t be surprising to see gas prices inch up slightly before the holiday weekend,” said Jessica Brady, AAA spokeswoman with The Auto Club Group. “Even though pump prices are higher than they were this time last year, they are not expected to deter holiday travelers.”

Gas prices used to depreciate in the upcoming weeks of the holiday in previous years, but that’s not the case this summer.

AAA Travel reports the statewide average price of gas is $3.71 for a gallon of regular unleaded. It was $3.48 last year on the Fourth.

Despite of the higher price AAA Travel is projecting that 41 million Americans will travel 50 miles or more from home during the Fourth of July holiday weekend, which they define as July 2-6.

Some states put taxes on gasoline starting July 1 and that could push the national price slightly higher before it starts to come down. If not for Iraq, he said the price would peaked for the year in late April.


Gas prices to raise on 4th July, climbs the highest in 6 years since 2008 – WallStreet OTC

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