Motorists in the U.S. may pay the most for gasoline in six years over the July 4 Independence Day holiday as the escalating conflict in Iraq pushes oil prices higher during the peak driving season.
President Barack Obama’s trip to Asia this week brings him face-to-face with allies who have grown uncertain about his commitment to the region.
Gasoline in the U.S. climbed this week, boosted by a surge in oil, and is expected to reach the highest level for this time of year since 2008.
U.S. drivers will pay the least for gasoline over the Memorial Day weekend in four years and the nation’s largest motoring group expects prices to keep dropping.
Americans probably will be paying the lowest prices for gasoline since January 2011 by Christmas, with some drivers filling up for less than $3 a gallon.
Gasoline climbed to a three-week high as U.S. drivers were forecast to drive the most in nine years over Memorial Day weekend.
"Refineries are running really smoothly right now and they're making lots of gasoline."
- Michael Green on Jul 21, 2014