[ad_1]
The Summer Travel Survey conducted by GasBuddy in 2018 reveals that many people are staying closer to home for the holidays this year. Are you? Tony Spitz has the details.
Buzz60
Gas prices have approached $ 3 per gallon this year (Photo: SbytovaMN / iStock)
On July 4 the prices of the gas were around $ 3 per gallon this year. gasoline will reach their highest level since 2014 but will remain well below their historic highs for the holidays.
At about $ 2.86 a gallon on Tuesday morning, the national average gasoline price is about 63 cents higher than a year Prices were stable over the last week, but they went down 9 cents last month as merchandise relaxes from its typical spring peak.
Rising Oil Prices, Caused Largely by Continuing Production Limits at Organiz The price hike since Independence Day 2017 is expected to cost motorists about $ 1 billion in additional gas purchases over the usual four-day period, according to GasBuddy, oil analyst of the gas station application.
"Even with the high gas prices, most motorists will probably not limit their trips during the most popular summer holidays," according to GasBuddy. ] More: Trump Rates Could Add $ 5,000 to New Car Price in the United States
Learn more: Iran warns against oil production To learn more: Americans will spend a little less on July 4 this year
In simple terms, it would require much larger increases for Americans
To begin, it is only a high year. In 2014, July 4th prices reached $ 3.66. In 2008, they reached an all-time high for the $ 4.09 holiday.
However, some states feel more pain than others. Hawaii was in worse shape Tuesday with average prices of $ 3.90, according to GasBuddy.
South Carolina had the cheapest gasoline at $ 2.52
Follow Nathan Bomey, USA TODAY reporter on Twitter @ NathanBomey . ] Read or share this story: https://usat.ly/2KFyO5J
[ad_2]
Source link
