AAA says 2017 July 4th holiday travel will break record

Ken Copeland
July 4, 2017

Rockford's average price is $2.24 per gallon, which is five cents cheaper than last week's price.

A barrel of West Texas Intermediate crude was trading at $47.09 on the New York Mercantile Exchange late Monday afternoon - the eighth straight day of higher prices after crude dropped to $42.74 on June 22.

Like much of Midwest, some of those who fill up in OH are seeing gas prices below $2 per gallon.

The cheapest gas on average is in South Carolina, Oklahoma and Indiana. Consumers can find gas for $2.00 or less at one out of every four gas stations in the country.

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"The combination of tepid demand and increased gasoline and crude oil output continues to put downward pressure on gas prices", said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast.

Gas Buddy shows the lowest price in Kansas City is $1.84, which makes sense after Monday morning USA gas prices dropped. Moreover, last week Baker Hughes, Inc. reported that for the first time in 24 weeks, the US lost two oil rigs - bringing the total rig count to 756. Also, 3.27 million travelers, an increase of 1.4 percent from 2016, will look to other modes of transportation, including cruises, trains and buses.

The price of crude oil has started to creep up as US oil production has declined recently, he said. The drop in demand is unlikely to hold for the next reporting period given the Independence Day holiday weekend.

The Fourth of July weekend is expected to see more trips than ever before, according to AAA.

Other reports by Guamnewswatch

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