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Gas prices hit $4 per gallon in the Philadelphia area after weeks of upwardly creeping costs. Adjusted for inflation, the $4 gallon of gas is higher than the cost of gas during the infamous 1973 oil crisis.

With gas currently at $129 per barrel, seven gas stations in the eight-county area have posted prices of $4 or higher for regular-grade gasoline yesterday, according to AAA Mid-Atlantic. Gas hit $4 per gallon at Connecticut pumps earlier in the month too, and it’s now the state average. One station owner predicts that he’ll be charging as much as $4.50 per gallon by July 4th.

“It seems like it’s been inching up every day, even if it’s just by a penny or two,” Catherine L. Rossi of AAA MidAtlantic said.

“We had expected that some stations in the Philadelphia area would reach $4. We’re hopeful that the average price would not top $4, though it is certainly possible,” she said. [philly.com]

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