Thanks Barack, as Americans are squeezed at the pump this 4th of July.
The current national average price of gas is 23 cents per gallon more expensive than it was on the Fourth of July last year, the highest since 2008. Can no one see the parallel and irony that on this 4th of July gas prices will be at a six year high due dependence on foreign oil and the turmoil and unrest in the Middle East and American Independence Day? When will the United States begin an energy policy in this country of “energy” independence, instead of a war on oil, coal and any other form of energy that the Obama administration does not deem “green”?
Gas prices are expected to be at the highest level in six years for the Fourth of July holiday. Yes, the gas prices are set to raise on national independence day.
Regular gasoline peaked at a national average of $3.98 a gallon in early May. The current national average price of gas is 23 cents per gallon more expensive than it was on the Fourth of July last year. The highest was seen in 2008. The highest record was $4.11 a gallon in 2008.
“We’re going to see the highest July 4th prices since 2008, and we probably wouldn’t have, if it weren’t for Iraq,” said Tom Kloza, chief oil analyst at GasBuddy.com. “I certainly would not rule out if something happens near Basra or south of Baghdad, we would see national prices make a pass at $4…but I just don’t see a fuel apocalypse in North America this year.”
“Although gas prices in the Southeast remained relatively stable from last week, it wouldn’t be surprising to see gas prices inch up slightly before the holiday weekend,” said Jessica Brady, AAA spokeswoman with The Auto Club Group. “Even though pump prices are higher than they were this time last year, they are not expected to deter holiday travelers.”
Gas prices used to depreciate in the upcoming weeks of the holiday in previous years, but that’s not the case this summer.
AAA Travel reports the statewide average price of gas is $3.71 for a gallon of regular unleaded. It was $3.48 last year on the Fourth.