Gas Soars To Highest July 4 Price in 7 Years, Reaches Nearly a Dollar More Than in 2020
In President Joe Biden’s America, there’s a lot more pain in getting from here to there. Gasoline prices have risen 40 percent since the waning days of the Trump administration, according to the American Automobile…
In President Joe Biden’s America, there’s a lot more pain in getting from here to there.
Gasoline prices have risen 40 percent since the waning days of the Trump administration, according to the American Automobile Association, which on Tuesday said its data pegged the average price of gas at $3.13 a gallon, up from $2.25 in January.
From July 1-5 in 2020, the average price of gas was $2.17 a gallon. Heading into the holiday weekend in 2021, drivers faced the steepest gas prices since Independence Day weekend in 2014, when the average was $3.66.
By Tuesday, gas prices were up 95 cents a gallon from their 2020 levels. Although prices vary by state and region, California led the nation with an average gas price of $4.305 a gallon, according to AAA.
But AAA said the pain is only beginning.
Prices are expected to rise another 10 to 20 cents per gallon through August, with a national average price estimated to hit at least $3.25 a gallon this summer.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” AAA spokeswoman Jeanette McGee said.
“We had hoped that global crude production increases would bring some relief at the pump this month, but weekend OPEC negotiations fell through with no agreement reached. As a result, crude prices are set to surge to a seven-year-high.”