WCCO EYE4 LOGO WCCO Radio wcco-eye-blue01, ww color blue


Gas Prices Expected To Rise During Peak Vacation Time

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Dancin' Grandpa Turns Down For Nothing During '50s Medley
  2. 4 Things To Know For July 23, 2014
  3. Top Mpls. Chefs To Pair Dishes With City's Finest Craft Brews
  4. Recall On Some Fruit Sold At Costco, Trader Joe’s, Sam’s
  5. <a href="http://minnesota.cbslocal.com/video/10395857-video/"The Lowdown: EPA Tweets About Kim Kardashian

MINNEAPOLIS (WCCO) — Don’t be surprised if your wallet is feeling a little lighter after that last fill-up. Gas prices nationwide are at their highest point of the year — and they’re only expected to climb higher.

In Minnesota, the average price for a gallon of regular is $3.64, which is up 8 cents from last week. It’s even higher in Wisconsin at $3.70, which is up 5 cents in the past week.

That’s right in line with the national average of $3.67.

Factors behind the spike: The political turmoil in Egypt and concerns that U.S. refineries are already operating close to capacity.

The spike couldn’t happen at a worse time. The last week of July and first week of August is peak time for summer vacation travel.

“We could see prices go up 10 to 15 cents if we see any major storms or if refineries have any more glitches,” said Michael Green of the AAA.

Right now, drivers in more than a dozen US cities are already paying more than four dollars a gallon.

The all-time nationwide average high was in July 2008: $4.11.

View Comments
blog comments powered by Disqus