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Traveling for the 4th of July? National gas average on the rise

West Virginia Headlines

A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. (Photo Illustration by Sean Gallup/Getty Images)

The average price of gasoline across Northern West Virginia decreased by one cent to $2.992 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Northern WV Average                         $2.992
Average price during the week of June 21, 2021                              $3.003
Average price during the week of June 29, 2020                              $2.255

The following is a list of the average prices in several West Virginia locations: 

$3.039      Bridgeport
$3.024      Clarksburg
$2.932      Huntington
$2.990      Martinsburg
$2.968      Morgantown
$2.883      Parkersburg
$3.026      Weirton
$3.076      Wheeling

Trend Analysis:
At $3.09, the national gas price average is at its highest of the year and could increase, possibly as much as another nickel, in the lead up to the Independence Day holiday weekend. While it is typical to see gas prices increase ahead of a holiday, especially during the peak summer driving season, pump price increases as of late have been noticeable.

Today, 89% of U.S. 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. Road trippers will pay the most to fill up for the holiday since 2014.

Independence Day Holiday WeekendGas Price Average
July 2 – 6, 2014$3.66
July 1 – 5, 2015$2.76
June 30 – July 4, 2016$2.27
June 30 – July 4, 2017$2.23
July 3 – 8, 2018$2.86
July 3 – 7, 2019$2.75
July 1 – 5, 2020$2.17
June 28, 2021$3.09

Crude oil, and in turn gas prices, are more expensive compared to years past mostly due to three major factors: confidence in worldwide vaccination rollout, global oil demand spikes, and the easing of travel restrictions leading to optimism for leisure travel. Last week, crude oil sold at $74 per barrel, the highest price in nearly three years. 

Today’s national average is more expensive on the week (+2 cents), the month (+5 cents) and the year (+92 cents). The latest weekly increase follows the latest data from the Energy Information Administration, which showed that gas demand increased from 9.36 million barrels per day to 9.44 million barrels per day, while total domestic gas stocks decreased by 3 million barrels to 240 million barrels.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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