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The roads will be crowded this Fourth of July weekend, but travelers have at least one thing going for them: much cheaper gas prices than last year.
A record-setting 43.2 million Americans are expected to travel by car this holiday weekend, according to AAA. That’s 2.4% higher than last Fourth of July.
And yet gasoline prices are much lower. The national average for regular gasoline dipped to $3.55 a gallon on Thursday, according to AAA. A year ago, a gallon of regular sold for an average of $4.87 a gallon.
That kind of price drop is almost unprecedented.
During the week ending June 26, the average gas price was $3.57 a gallon, according to the US Energy Information Administration. That’s down by $1.30, or 27%, from the same period last year.