Gas prices rise slightly despite hurricane and record holiday travel

Banking & Financial Services
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Marshall L. Doney President and CEO | AAA, FL

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The national average for a gallon of gas rose three cents to $3.54 from last week, according to recent data. This slight increase occurred despite Hurricane Beryl impacting the Texas coast, a record number of July 4th car travelers, and oil prices remaining above $80 per barrel.

"The damage from Beryl caused limited damage to Gulf Coast energy facilities," said Andrew Gross, AAA spokesperson. "And while a record 60 million travelers were forecast to hit the highways for the July 4th holiday, the overall demand number for gasoline dropped. That is a rare feat for a holiday week and may point to a change in demand trends."

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