Most expensive July 4 at the pumps since 2008, experts say - FOX Carolina 21

Most expensive July 4 at the pumps since 2008, experts say

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GREENVILLE, SC (FOX Carolina) -

Prices are down slightly this week in Greenville, but experts say we could see the most expensive prices at the pumps since 2008 for the July 4 holiday.

Over the past week, the average retail price for a gallon of gas in Greenville fell 2 cents, bringing the average to $3.31, according to the gas price website GasBuddy.com

The national average has not moved since last week and continues to hover 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.

"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.

The national average this past week was 24 cents per gallon higher than the same day a year ago and 7 cents per gallon lower than a month ago, according to GasBuddy.com. 

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