4th of July gas prices at 6-year high

Written by MCJStaff   // July 1, 2014   // 0 Comments

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Article courtesy of NBC – Duluth via “The Rundown”

If you’re looking to hit the road over the 4th of July holiday weekend…be prepared to pay more at the pumps.

Drivers will be paying around 15 to 20 cents more per gallon this year heading into the holiday weekend.

Travelers will be paying the highest gas prices in six years on Independence Day.

According to AAA, the pain at the pumps can be attributed to the escalating situation in Iraq, which has pushed crude oil prices up from $102 a barrel to as high as $107 a barrel.

Officials say gas prices typically decline in June.

AAA predicted that prices would decline this June by an average of ten to fifteen cents per gallon, but instead they shot up.

The national average is $3.67 a gallon.

Here in Duluth gas is $3.63 a gallon…not far from the national average..

“I wish that they would really go down. We are planning on staying home this year because of the high gas prices, so yeah it really makes a difference when they get up there,” said Patty Conger.

“Every time there’s a holiday there’s good reason for them to raise gas prices. They figure everybody’s gonna be traveling, they’re gonna make a big killing. , ya know. It’s terrible,” said Gordon, Wisconsin resident Bob Gordon.

“Every time I go in to fill up my tank, I gotta go to the loan department,” said Gordon, Wisconsin resident Jerry Flesher

34.8 million people are projected to be driving to their holiday destination sometime between Wednesday and Sunday… the highest number of people traveling for the 4th of July since 2007.

AAA says gas prices will remain at their new high for some time.

Those prices are dependent on the situation in Iraq however… if the situation stabilizes anytime soon the experts say gas prices would probably eventually come down.


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