Reported 12 months ago
Gas prices are expected to increase as a record 70.9 million Americans are predicted to travel during the Fourth of July holiday weekend. The national average price of gas was $3.51 per gallon as of Thursday, slightly higher than the previous week. Analysts anticipate a $0.05 to $0.10 per gallon increase in the coming week, attributed to rising crude oil prices and the potential impact of Hurricane Beryl on US refineries in Corpus Christi, Texas. Seasonal demand and geopolitical tensions in the Middle East are also influencing the rise in crude prices.
Source: YAHOO