(WWLP) – This year the United States experienced the lowest June gasoline prices in over 10 years and GasBuddy predicts this Independence Day to be the cheapest since 2005.
GasBuddy predicts the national average will be $2.27 per gallon on the Fourth of July. Two years ago the national average hit $3.66 per gallon for the holiday. Over the past 10 years, the average price of gas through the Fourth of July holiday has often declined.
“The U.S. average price of gas was lower on July 5th than it was the previous week seven out of 10 occasions dating back to 2006,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “This defies the general consensus on Main Street that prices rise ahead of a major travel holiday.”
GasBuddy also projects the return of a sub-$2 per gallon national average as soon as early November.