Gasoline prices are rebounding as Americans prepare for the Fourth of July holiday. Crude oil futures traded above $102 a barrel on Wednesday.
Although prices may rise before, during or immediately after the holiday, it would be because of “normal market volatility,” said Patrick DeHaan, senior petroleum analyst for GasBuddy, in a Times Media report.
“It (the price of gasoline) doesn’t have anything to do with the holiday,” he said. “It would be a mere coincidence if prices increased.”
U.S. Gasoline Fund