AAA: Gas prices for July 4th will be at highest in 6 years - WVTM-TV Birmingham, AL

AAA: Gas prices for July 4th will be at highest in 6 years

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Expect to pay more for gasoline this Independence Day holiday period.

AAA reports gas prices nationwide will be at their highest in the past 6 years.

The reason?

AAA says it’s because Iraqi violence has increased global petroleum costs.

“Most drivers are paying about 15-20 cents more per gallon than expected heading into the busy Independence Day weekend due to market fear about Iraq,” said Avery Ash, AAA spokesman. “It is frustrating that events overseas will make it more expensive to celebrate Fourth of July here at home.”

AAA reports today’s average price of gas is $3.68 per gallon across the USA, which is considerably more expensive than recent years for the holiday.

The July 4 averages in previous years were $3.48 in 2013; $3.34 in 2012; $3.57 in 2011; $2.74 in 2010; $2.62 in 2009; and $4.10 in 2008.

In Alabama, the state average price for today is $3.42.

That is 21 cents higher than this time last year.

The most expensive gas on average is in Birmingham and Mobile, at $3.45 and $3.46 respectively.

The least expensive average price is in Montgomery at $3.37.

AAA reports gas prices will likely remain expensive through July 2014, due to high crude oil costs and rising summertime demand.

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