Record July 4th Travel Could Boost Oil Demand and Prices

A record number of Americans plan to travel over the holiday period around Independence Day, in what could be a boon to so-far-lackluster U.S. gasoline demand this summer.   AAA expects 70.9 million travelers will head 50 miles or more from home over the Independence Day holiday travel period between Saturday, June 29, and Sunday, July 7, the association said in a new forecast on Thursday. For the first time, AAA looked at the entire July 4th week, plus the Saturday before and the Sunday after the holiday. The projected number of travelers…