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Americans Can Expect Record Gas Prices over Independence Day Holiday

Willingness to take on credit card debt, not an increase in income, will be responsible for the increase in Independence Day holiday consumer spending AAA says.

(SALEM, Ore. ) - With a projected 41 million Americans expected to take to the road over the Independence Day holiday, AAA says drivers can expect to pay the highest gas prices since 2008.

AAA says the majority of travelers will travel 50 miles or more away from home, an almost two percent increase from last year, and a 14 percent increase compared to the Memorial Day holiday weekend.