4th of July gas prices highest since 2008 - WFLA News Channel 8

4th of July gas prices highest since 2008

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TAMPA, FL (WFLA) -

If you're planning on taking a road trip this Fourth of July, it could wind up costing you more.

AAA Travel is predicting gas prices to be the highest for the Independence Day holiday since 2008.

"The price of oil slipped last week, so motorists should begin to see some relief at the pump. However, the discount may only be a nickel, keeping the average price on Independence Day at its highest level since 2008," said Mark Jenkins, spokesman, AAA - The Auto Club Group.

The highest price for a gallon of regular unleaded gasoline was set on Independence Day 2008. Back then, the average price for a gallon of unleaded gas in Florida was $4.06.

Related: Best Gas Prices in Tampa Bay

On Monday, June 30, 2014 the average price in Florida was $3.62.

"Motorists are likely to pay about 20 cents more for gasoline than they did during last year's Independence Day holiday weekend," Jenkins said.

"Still, current prices are about 10 cents cheaper than they were earlier this year. So AAA doesn't believe gas prices will keep people from traveling for the holiday. Most plans have already been finalized and budgets allocated. If anything, travelers will cut back on costs in other areas like shopping, dining out or entertainment."

Copyright 2014 WFLA. All rights reserved.

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