AAA Makes Predictions for August Gas Prices
After fuel prices rose sharply in July, AAA releases outlook for August.
AAA released its weekly fuel gauge report yesterday, showing a sharp increase in gas prices through the month of July and predicting that prices will remain high through Labor Day. According to AAA numbers, national gas prices increased 5.1 percent, or 17 cents a gallon, over the course of July, to close out at $3.50 a gallon. That's the first monthly increase since March and the largest increase for July since at least 2000, when AAA began keeping records. If it seems like prices had been low this summer, they were. Fuel costs had decreased three months in a row before falling to a summertime low of $3.326 on July 2. However, prices rose quickly to close out the month at the national average of $3.50, $3.66 in the Philadelphia region. In …
