Gas Soars Past $4 Gallon In North Escambia Just In Time For Holiday Travel

July 3, 2008

4gasstory.jpgGas soared to a new all time record high Wednesday in North Escambia, passing the $4 mark for the first time.

A gallon of regular unleaded jumped six cents to $4.05 Wednesday afternoon at a station on Highway 97 in Davisville, just in time for the Fourth of July weekend travel period.

A new poll shows that about one third of Americans are curtailing their travel plans for the Fourth because of high fuel prices.

According to a CNN/Opinion Research poll, 31 percent of Americans have canceled or shortened their planned holiday weekend vacation because of the recent increases in gas prices.

For the first time this decade, AAA estimates a decline in the number of Americans traveling during the Fourth of July holiday travel period.

AAA still projects 40.45 million Americans will still travel during the July Fourth holiday weekend, down 1.3 percent, or nearly 550,000 Americans, from the 41 million who traveled last year. This is the second consecutive travel holiday in 2008 where a year-to-year decrease was forecasted. AAA projected a nearly one percent drop in holiday travelers for the Memorial Day travel holiday in May. The forecast includes U.S. residents traveling 50 miles or more from home.

The national average for a gallon of regular unleaded hit an all time high Wednesday at $4.09 according to AAA. The state average in Florida is $4.06. Last Fourth of July, the average cost for a gallong of regular unleaded in Florida was $2.91.

When NorthEscambia.com last ran a gas price story back on May 13, gas had just hit $3.75 a gallon.

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Written by William Reynolds · Filed Under News