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Gas prices remain volatile as the holiday approaches

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Gas prices could dip and then rise again before the holiday weekend.
Gas prices could dip and then rise again before the holiday weekend.

DEARBORN (WKZO) -- While gas prices seem to spike on a weekly basis in Michigan, in the rest of the nation they have been steadily rising each day for the last few weeks and now parts of the east coast, the west coast and Chicago are over $4 a gallon.

The reason? The civil war in Iraq may be the most often cited cause.

These days Iraqi’s are waiting in line for gas and paying a premium price for it, because of the invasion by ISIS.

Susan Hiltz at triple-A of Michigan says its had an impact here too.

She says being a week away from the 4th of July weekend, which is heavily traveled, doesn’t help, because that boosts demand, which also influences the price.

She doesn’t expect it to put a damper on travel, but it may prompt families to cut some of the spending they do while on the road.

 

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