Gas prices hit 7-year high as stations run low on fuel ahead of July 4
Gas stations across the country are facing fuel shortages, causing prices to hit a seven-year high as more than 40 million Americans prepare to hit the road for the Fourth of July weekend.
The nationwide average price for a gallon of regular unleaded gas hit $3.09 on Monday, the highest price Americans have been asked to shell out ahead of the holiday weekend since 2014, according to data from the American Automobile Association.
AAA forecasts that 43.6 million Americans will travel by car this weekend — the most so far this year.
“Today, 89 percent of US gas stations are selling regular unleaded for $2.75 or more. That is a stark increase over last July 4 when only a quarter of stations were selling gas for more than $2.25,” Jeanette McGee, AAA spokesperson, said. “Road trippers will pay the most to fill up for the holiday since 2014.”