Gas Hasn't Been This Expensive in 6 Years
Happy July 4, all!
By Kate Seamons, Newser Staff
Posted Jul 3, 2014 11:15 AM CDT
A gasoline pump fills up a vehicle at an Exxon gas station.   (AP Photo/Tony Gutierrez)

(Newser) – Getting to your town's fireworks display will cost you a little more than it has in years past: As of yesterday, a gallon of unleaded gas clocked in at an average $3.67. That's the highest it's been on the July Fourth weekend since 2008. What you can curse while at the pump: the situation in Iraq. Though the Wall Street Journal notes that domestic production has ballooned lately, it sees the current prices as a "reminder that the US still depends on imported oil"; Iraq was the No. 6 importer to the US in April.

And with ISIS working its way through the country, investors and traders are warily keeping watch over Iraq's oil production, and the possibility that our shipments could cease if the militants take Baghdad and southern oil fields. Some gas- and travel-related facts from AAA:

  • California, as always, has it worst: Its average price was $4.138 yesterday.
  • 34.8 million Americans are expected to drive at least 50 miles this weekend; that would be the most since 2007.
  • A July jump in prices is atypical; the peak usually comes near Memorial Day.

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Showing 3 of 99 comments
Jul 6, 2014 6:23 AM CDT
When Clinton was president gas was just over a $1 a gallon. But if you monetize the debt then of course the dollar is worth less so gas costs more. Whether the gas comes from us or someone else has no relevance on the price, it is a fungible world-wide commodity. I don't blame Clinton, H, W or Obama. The blame very clearly goes to the American people. We think all taxes are bad, we want to have $2 trillion wars and lower taxes at the same time, we want to defer maintenance on our crumbling roads and bridges forever. We reap what we sow.
Jul 4, 2014 3:12 PM CDT
A curse on all oil company executives, and the politicians who support them.
Jul 4, 2014 1:41 PM CDT
I live in Hawaii. I can't remember when the last time gas prices were less than 4.00 per gallon And honestly that isn't Obama's fault, or Bush's.