Gas prices will hit their highest level since 2014 on this Fourth of July, but remain lower than the all-time high for the holiday.
According to AAA, the national average price of gasoline is $2.86, about 63 cents higher than one year ago.
Prices have been relatively stable over the last week and have dropped 9 cents in the last month, reports USAToday.
Higher oil prices have pushed gas prices closer to the $3 mark in 2018.
“Even with high gas prices, however, most motorists aren’t likely to curtail their travel during the most popular summer holiday,” according to GasBuddy, reports the newspaper.
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The price spike since Independence Day last year could cost motorists approximately $1 billion in extra gas purchases over the four-day travel period.
Back in 2008 at this time, prices hit an all-time high of $4.09, according to GasBuddy.
This year, South Carolina had the cheapest gas at $2.52.
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