Gas prices expected to be high for July 4th holiday

WASHINGTON (NBC) – The cost of celebrating our independence this coming weekend is going to be higher, mainly because of our dependence on fuel.

The record number of people AAA is expecting to hit the road this weekend for July 4th, will find themselves paying a near-record price for a gallon of gas.

“It is extremely high for this early part of summer. In fact, most drivers are paying the highest gas prices for early summer in six years,” said Michael Green of AAA.

A large part of the unexpected rise in gas prices on this holiday weekend has to do with the current unsteady situation in Iraq.

“This is unexpected, Iraq is a major oil producer, it’s the second largest oil producer in OPEC and that fear in the marketplace that rebels could take over is what’s driving up the cost of gasoline prices here at home,” said Green.

KSN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus