Maryland Gas Prices Spike Over Holiday Weekend
Updated: Friday, July 4 2014, 07:32 PM EDT
Bad news for holiday travelers - gas prices this independence day are the highest they've been in six years.
Forecasters are expecting the climb in prices to continue. Experts say tax hikes, a volatile situation in Iraq, and just good old inflation are three contributing factors. According to AAA prices typically tend to drop at the end of June and beginning of July, but that hasn't been the case this summer.
"Here in Maryland, the average gas price today is $3.68 a gallon," AAA spokesperson Ragina Averella said. "While that's flattening out and beginning to stabilize from what we've seen in the last few weeks due to the situation in Iraq, it's still 20 cents more than what we were paying here last year."
Yet the fuel spike doesn't seem to be taking much of a toll on holiday travel. In fact, AAA says the number who planned to drive somewhere this weekend is a slight increase over last July 4., projecting about 828,000 Marylanders will hit the road for the holiday weekend, driving at least 50 miles.