Gas Prices

Despite a Hurricane and Record Holiday Travel, Gas Prices Barely Budge

By: Andrew Gross

WASHINGTON, D.C. (July 11, 2024)—The national average for a gallon of gas rose three cents to $3.54 from last week. The slight nudge higher came despite Hurricane Beryl smacking into the coast of Texas, a record number of July 4th car travelers, and oil costs hovering above $80 per barrel.  

“The damage from Beryl caused limited damage to Gulf Coast energy facilities,” said Andrew Gross, AAA spokesperson. “And while a record 60 million travelers were forecast to hit the highways for the July 4th holiday, the overall demand number for gasoline dropped. That is a rare feat for a holiday week and may point to a change in demand trends.” 

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