GasBuddy projects the national average price for regular gas will stand at $3.49 a gallon on Independence Day.
That’s a penny shy of the price a year ago and down sharply from $4.79 two years ago when oil prices spiked after Russia invaded Ukraine.
Adjusted for inflation, US gas prices are almost exactly where they were in July 2018, according to federal data.
The drop in gas prices comes despite what’s expected to be strong demand for fuel.
Although gas prices are down from April, hurricane season could change that.
Persons:
That’s, GasBuddy, what’s, Beryl —
Organizations:
CNN, Drivers, AAA
Locations:
Russia, Ukraine, Washington, Oregon, Utah, Colorado, Covid