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Gas prices stop recent climb ahead of July 4th travel holiday

MILWAUKEE (WTAQ) - For Fourth of July travelers, the good news is that gas prices have stopped rising.

The bad news is that they have not fallen -- not much, anyway.

The Wisconsin AAA said the average price for regular unleaded is $3.70 a gallon throughout the state Wednesday. That's a tad lower than Tuesday, and 2 cents lower than a week ago.

The statewide average is also just a penny higher than this time a month ago, but it's 24 cents more expensive than the last July 4th holiday.

Energy analyst Ethan Bellamy of Milwaukee's Robert W. Baird and Company blames the continued strife in Iraq for the latest pain at the pump.

He said the deeper the strife, the more possible disruptions for the 3 million barrels of oil a day that Iraq provides. And oil experts say no one knows when that will end.

(Story courtesy of Wheeler News Service)