July 4 gas prices most expensive since 2008 - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

July 4 gas prices most expensive since 2008

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COLUMBIA, S.C. (WCIV) -- Average retail gas prices dropped another 2 cents over the last week, according to GasBuddy, a gas price tracking website. The current statewide average is $3.37 per gallon.

The national average remained unchanged at $3.68 per gallon.

"Just in time for the July 4 weekend, it appears the national average has hit a new 2014 high in the last week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

Including the change in gas prices in South Carolina during the past week, prices on Sunday were 21.9 cents per gallon higher than the same day one year ago and are 5.6 cents per gallon lower than a month ago.

The national average has increased 3.5 cents per gallon during the last month and stands 17.7 cents per gallon higher than this day one year ago.

"The good news is that we're seeing signs that the peak price we hit last week is starting to unwind, but with July 4 just days away, motorists shouldn't be expecting any big retreats in price before the weekend. The situation in Iraq has cooled, and if the situation remains calm and hurricane season continues to be a non-story, motorists will continue to see a slow decline in prices. But while the situation is slowly turning around and prices declining, it will still be the most expensive July 4 at the pump since 2008," DeHaan said.

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