close
close

Gasoline prices on July 4 expected to be lowest holiday price since 2021

Gasoline prices on July 4 expected to be lowest holiday price since 2021
Gasoline prices on July 4 expected to be lowest holiday price since 2021

CHARLESTON, SC (WCSC) – Despite a pre-July 4th increase in gasoline prices, drivers are expected to pay the lowest price per gallon in three years on July 4th.

According to GasBuddy, the national average price of gasoline is expected to be $3.49 per gallon on July 4. This forecast would mean the price of fuel per gallon would be one cent lower than a year ago and more than $1.30 below the 2022 average.

While gasoline prices have recovered slightly from a low of $3.39 per gallon in early June, gasoline prices on July 4th are still significantly cheaper in some states than last year.

Click here to find the cheapest petrol near you.

On Tuesday morning, the lowest gasoline price in the Lowcountry was significantly lower, when a Parker’s store in North Charleston sold gas for $2.92 per gallon. All of the 10 cheapest stores in the Tri-County area were under $3 per gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, said prices in most states are close to or even “well below” where they were a year ago.

“While the first half of the summer was relatively quiet, things could get bumpy going forward. Activity in the tropics has increased and forecasts indicate that we will continue to have a very busy hurricane season,” he said. “Even after the holiday fireworks, we will be alert to potential fireworks at the pump that could be triggered by hurricanes disrupting refineries.”

GasBuddy’s annual summer travel survey shows that 45% of Americans plan to take a road trip over Independence Day weekend.

Leave a Reply

Your email address will not be published. Required fields are marked *