Surprisingly, Gas Prices Retreating for July 4th
If cheap gas is considered as patriotic as draping Old Glory in the back window of your pickup truck, the news from the government’s oil price watchers couldn’t come at a better time.
USA Today reported that the price of regular-grade gasoline has fallen below $3.50 a gallon on average nationally just in time for the Fourth of July weekend in the weekly survey by the Energy Information Administration (EIA) reports.
And it wasn’t just a tiny price drop. A gallon of regular fell eight cents during the week from $3.577 to $3.496. That’s unusual, given not only that the four-day holiday weekend is coming up, but also because the nation is entering the heart of the summer vacation driving season.
Among regions, the cheapest gas can still be found, as usual, on the refinery-rich Gulf Coast. There, it averaged $3.312 a gallon, down from $3.377 a gallon.
And the priciest? In California, the country’s driving Mecca, gas still tops an average of $4 a gallon — but just barely. It’s $4.002 in the survey. On the West Coast in general, including California, gas averages $3.892.