July 4th gas prices set to be lowest in four years
As the Fourth of July weekend approaches, U.S. gas prices are projected to reach their lowest levels in four years,averaging $3.14 per gallon-32 cents cheaper than last year. this decline in prices comes as approximately 72.2 million americans plan to travel, marking an increase of 1.7 million travelers compared to the previous year. the majority will be traveling by car, with some opting for flights.Experts attribute the lower prices to stabilization in the Middle East, though the situation could change if significant storms affect the U.S. during hurricane season, which has a forecast of an above-normal level of hurricanes. While states like California, Washington, and Hawaii are experiencing some of the highest prices-over $4.30 per gallon-Oklahoma, Mississippi, and Texas enjoy lower rates averaging $2.67. AAA recommends leaving before noon to avoid heavy traffic during the holiday travel period.
July 4th gas prices to hit lowest level in four years as 72.2 million expected to travel
Gas prices in the U.S. are dipping to their lowest numbers since 2021 as a record 72.2 million Americans are preparing to hit the road for Fourth of July this weekend.
The nationwide average for a gallon of gas is currently $3.14, which is roughly 32 cents less than what it was this time last year. The financial relief is due to stabilization in the Middle East following the Israel-Iran conflict, but prices will only continue their downward trend so long as the stability lasts, and as long as there are no major storms hitting the U.S. this hurricane season.
This is good news for Americans planning to travel for the Fourth of July weekend. With 72.2 million people projected to travel at least 50 miles or more between June 28 and July 6, this is an increase of 1.7 million people traveling from last year. 61.6 million people will be traveling by car and 5.84 million people by plane, according to a press release from AAA.
Anticipating increased travel for the holiday, AAA released information on the best times to travel to avoid heavy traffic. The best time to hit the road appears to be before 12 p.m. for most days this week.
States such as California, Washington and Hawaii have the highest gas prices in the country, paying more than $4.30 per gallon of gas. California’s elevated prices are largely due to higher taxes and fees to lower emissions as well as special fuel requirements.
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While they’re paying the most, states such as Oklahoma, Mississippi and Texas have the lowest gas prices in the country, paying an average of $2.67 per gallon.
While many remain hopeful that gas prices will continue to decline, the U.S. may see some hurricanes in the next few months that would send gas prices soaring again. The U.S. is forecasted to have a 60% chance for an “above-normal season” this hurricane season, with as many as three to five major hurricanes expected, according to the National Oceanic and Atmospheric Administration.
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