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No End In Sight To Increasing Prices At The Pump

(credit: Thinkstock)

(credit: Thinkstock)

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By Mike Dougherty

PHILADELPHIA (CBS) – It was nice to watch gas prices tumble leading up to the 4th of July. Triple-A says that’s over, for now.

After a brief tease with declining fuel prices, it’s back to business as usual at the pump. Jana Tidwell with AAA Mid-Atlantic says as prices have gone up every week in July.

“Prices increased from $3.33 cents a gallon to $3.63 a gallon this weekend in the Philadelphia area.”

She expects the numbers to keep climbing.

“This is a typical pattern for the month of July, especially as summer vacations ramp up and people are driving to the shore.”

Once school starts after Labor Day and people get back into their routines, prices typically retreat — barring any unforeseen events.

“All bets are off should there be a serious hurricane that would interrupt supply to the United States.”

And with hurricane season coming, that is always a possibility.

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