AAA expects busy travel weekend despite high gas prices - FOX 13 News

AAA expects busy travel weekend despite high gas prices

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TAMPA (FOX 13) -

Despite high gas prices, the 4th of July holiday is expected to be the busiest travel weekend since 2007, with AAA projecting nearly 35 million Americans driving 50 miles or more.

Prices typically peak around Memorial Day, the start of the summer driving season.

According to AAA, the cost for a gallon of gas in June fell 21 cents over the past three years. But this year, prices at the pump increased by nearly the same amount.

A gallon of unleaded gasoline fell at an average of $3.67 this past Wednesday.

Prices have been on the rise over the past month after militants took control of several cities in Iraq. Investors and gas experts fear the spreading insurgency poses a threat to the country's oil production.

Iraq was the sixth-largest oil exporter to the U.S. in April.

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