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.
Americans are expected to travel by car this holiday weekend, according to AAA. That's 2.4% higher than last Fourth of July.a 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.
Drivers in Indiana have enjoyed the biggest drop in gas prices over the past year, with the state average tumbling by $1.58 a gallon. Other states with big gas price drops include Ohio , California and Illinois , according to AAA. "Americans have been hit by so many other bullets. They might save at the pump but they are spending more elsewhere," said De Haan.
Another factor: Despite fears of disruptions, Russia's oil exports have not been derailed by the war in Ukraine or sanctions from the West.
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