PIERRE, S.D. (MITCHELLNOW) Drivers traveling over the July 4 holiday can take a minor sigh of relief at the pump with the national average price for a gallon of gasoline expected to remain below $3.50, as more than 60 million Americans are expected to hit the road for the holiday. GasBuddy reports that gas prices on this Fourth of July will be $3.49 a gallon.
That price puts it just four cents below last year’s price on July 4, and significantly below the price drivers paid at the same time in 2022 ($4.79), just one month off the most expensive gas price recorded in the U.S.—analysts attributed that record in large part to Russia’s invasion of Ukraine months earlier (AAA estimates the cost of oil accounts for 54% of the price drivers pay at the pump).
GasBuddy predicts 45% of Americans will hit the road for the July 4 weekend, while AAA estimates 60 million Americans will travel over 50 miles during the week of July 4—the most AAA has projected for July 4, and a possible indicator gas demand could soon increase.