Record Gas Prices Won't Keep Americans from July 4 Travel Plans

Record Gas Prices Won't Keep Americans from July 4 Travel Plans
·3 min read

Gasoline prices have continued to set records in June as the typically busy summer travel season gets underway. Gas prices in the U.S. are above $5 per gallon for the first time ever a little over a week after jumping to a record high of $4.67 per gallon. There are many reasons for record prices, but the Energy Information Administration says that as of April, 60% of the cost of a gallon of gas was attributable to oil prices.