White House touts $3.49 gas, one cent cheaper than last July 4th
What was the average gas price on Independence Day this year?
The average gas price on Independence Day this year was $3.49 per gallon nationwide, according to GasBuddy. This represents a decline of over $1.30 compared to 2022 and is the lowest holiday price since 2021.
How much did gas prices decrease compared to last year?
Gas prices have decreased by over $1.30 compared to last year, with the average cost for gas on Independence Day being $3.49, according to GasBuddy's estimate. This marks the lowest holiday price since the previous Fourth of July.
What factors might cause future fluctuations in gas prices?
Future fluctuations in gas prices may be influenced by factors such as crude oil prices, refining costs, distribution and marketing expenses, taxes, geopolitical events, weather disruptions, and changes in gasoline demand3. Additionally, local market conditions and competition can also impact prices at the pump.