A record-setting 43.2 million Americans are expected to travel by car this holiday weekend, according to AAA. Meanwhile, millions of Americans are once again stranded at airports nationwide. MORE ⬇️
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.
And yet gasoline prices are much lower. The national average for regular gasoline dipped to $3.55a gallon on Thursday, according to AAA. A year ago, a gallon of regular sold for an average of $4.87 a gallon.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.
The only bigger 12-month drop occurred during a historic downturn: the Great Recession. Gas prices plunged by $1.45 a gallon, or 35%, between June 30, 2008 and June 29, 2009.
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