How much is gas in the Tri-State for Independence Day 2024?

HENDERSON, Ky. (WEHT) – Officials say a record number of Americans are expected to hit the road to celebrate the 4th of July, but the national average gas price has risen to $3.19 a gallon.

Officials say the main culprit for rising prices over the past 12 months has been a steady climb in crude oil prices. The price of crude oil and refining makes up about 52 percent of the cost of gasoline, according to the government’s Energy Information Administration (EIA).

According to AAA, producers underestimated how quickly demand for gas and other energy sources would rebound as states began to reduce pandemic travel restrictions, and supply wasn’t able to keep up. Plus, more than 90 percent of crude oil production in the Gulf of Mexico was offline in late August following Hurricane Ida. About 10 percent of those rigs that went offline won’t be back in operation until the end of the year, says Andrew Gross, public relations manager at AAA’s national office. “There are some [rigs] that just don’t come back up, because of the damage,” he says.

The prices for gas in the Tri-State can be seen below.

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