The average price for a gallon of gas was $4.822 nationally Saturday, continuing a steady decline after briefly topping $5 per gallon last month, but gas prices are still much higher than all previous July Fourth weekends.
There are flags flying at a gas station.
The average price for a gallon of gas was down 2 cents from Friday to Saturday, 8 cents from a week ago, and 19 cents from the record high of $5.016 recorded on June 14.
Gas cost more than $5 per gallon in just 10 states Saturday, a far cry from the 21 states that reached that milestone last month.
In the last week, prices in Texas, Arizona, Indiana and Delaware have fallen by 13 cents or more.
Even if gas prices go down a few cents before July 4, the national average will still be at a record high.
In 2008, the previous record was $4.10 per gallon.
The average national price was $3.13 per gallon on July 4, 2021, $2.19 on July 5, 2020, $2.758 on July 5, 2019, and $2.232 on July 4, 2017.
The number of Americans who will travel over 50 miles between June 30 and July 4 is expected to jump by 3.8% from last year. The price of oil has surged as the Russian invasion of Ukraine has disrupted energy trade. Airfares have gone up by 16.1% from April to May and by 37.8% from a year ago.
Prices are going up in your backyard. According to a survey by the American Farm Bureau Federation, the average price for a July 4th barbecue for 10 people is up from a year ago.
The airlines and airports have the highest rates of disruptions, but they are the least risky.
The price of gas on July 4th will be what to expect.
It will be the most expensive travel weekend in years.
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