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Independence Day gas prices cheapest since 2005

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Posted at 11:20 AM, Jul 03, 2016
and last updated 2016-07-03 11:20:36-04

National2016Traveling this Independence Day will be easier on your wallet, according to GasBuddy.

In addition to being ranked as the best day to travel, July 4 will have the cheapest gas prices since 2005. GasBuddy predicts the national average price will be $2.27 per gallon on July 4. Two years ago, the average price was a whopping $3.66 per gallon!

In 2016, the United States had the lowest June gas prices in over 10 years.

Complete coverage: Independence Day 2016

“The U.S. average price of gas was lower on July 5th than it was the previous week seven out of 10 occasions dating back to 2006,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “This defies the general consensus on Main Street that prices rise ahead of a major travel holiday.”

There’s even more good news for drivers–gas prices in the south are predicted to spend the most time under $2 per gallon during the fall.

Click here for our News 3 gas tracker to find the cheapest gas.