Gas Prices Surge in Midwest and Gulf Coast; National Average Drops Amid Hurricane Threats
July 3, 2024Gas prices have increased in the Midwest and Gulf Coast regions, with the Midwest at $3.42 per gallon and the Gulf Coast at $3.07 per gallon for regular fuel.
The Midwest saw a 7-cent increase from last month, while the Gulf Coast experienced a 3-cent increase.
The national average gas price is $3.48 per gallon, which is slightly lower than in previous years.
Despite the overall national decrease, prices in states like Washington, Oregon, Utah, and Colorado have dropped, while in Chicago, prices range from $4.30 to $4.74 per gallon.
Factors such as inflation adjustment and lower oil prices have contributed to the overall decrease in prices.
Hurricane Beryl and the ongoing hurricane season could further drive up gas prices nationwide, indicated by a temporary increase in U.S. oil prices.
With a record number of people expected to travel this holiday, staying informed on gas prices through AAA's website and Channel 9 Eyewitness News is recommended.
Summary based on 56 sources
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Sources
Yahoo News • Jul 1, 2024
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