The national average for gasoline has risen by five cents over the past week, reaching $3.50 per gallon, according to recent data. This increase follows a period of nearly three weeks without significant changes in prices and coincides with oil prices surpassing $80 per barrel. The cost of oil, which constitutes approximately 54% of gasoline prices, plays a crucial role in determining pump costs.

"Summer got off to a slow start last week with low gas demand," said Andrew Gross, spokesperson for AAA. "But with a record 60 million travelers forecast to hit the road for the July 4th holiday, that number could pop over the next ten days. But will oil stay above $80 a barrel, or will it sag again? Stay tuned."

For further details on the latest Energy Information Administration (EIA) data and oil market dynamics, visit: https://gasprices.aaa.com/gas-prices-pop-ahead-of-independence-day-holiday/