July Gas Price Increase Largest in Five Months [AUDIO]
ST. CLOUD — The national average price of gasoline increased 14 cents per gallon in July, which was the largest monthly increase since February.
The average price of fuel in July was $3.58 per gallon, the third-highest average on record for the month.
Gail Weinholzer is the Director of Public Affairs AAA and says that because of political unrest in Egypt, high oil prices drove up the price of gasoline.
As for what to expect from August, Weinholzer says it’s still too far away to tell. With families getting in the last minute travel plans before kids go back to school officials know that may affect prices.
However with late-summer having the greatest potential for hurricanes, Weinholzer says should one occur that is where we may see the greatest potential in price increases.
Weinholzer does believe that prices will not decline, but best case scenario plateau heading into labor day.