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AAA Mid-Atlantic: Independence Day Gas Prices Highest in Six Years

(credit: CBS)

(credit: CBS)

jim-donovan-web Jim Donovan
Jim Donovan is a 13-time Emmy Award-winning consumer reporter w...
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By Jim Donovan: Although the national average price of gas has remained relatively steady as we approach the Independence Day holiday, prices at the pump remain at a six-year high for this time of year. According to AAA Mid-Atlantic, the national average price for regular unleaded gasoline dropped to $3.67 per gallon Thursday, down a penny since the same day last week, even with one month ago, and 19 cents more per gallon than a year ago.

Independence Day gas prices have not been this high since prices topped $4 per gallon in July 2008. In comparison to previous Independence Day holidays, motorists will face prices that are the highest since 2008, with today’s average ($3.67) surpassing the holiday’s price per gallon from: 2013 ($3.48); 2012 ($3.34); 2011 ($3.57); 2010 ($2.74); and 2009 ($2.62).

AAA Travel projects 41 million Americans will journey 50 miles or more from home during the Independence Day holiday weekend, a 1.9 percent increase from the 40.3 million people who traveled last year and a nearly 14 percent increase compared to the Memorial Day holiday weekend. Automobile travel is projected to be at its highest level since 2007, with more than eight in 10 (34.8 million) celebrating their freedom with a road trip. The Independence Day holiday travel period is defined as Wednesday, July 2 to Sunday, July 6.

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