
Fourth of July gas hasn’t been this cheap since 2021
CNN
Drivers hitting the road this Fourth of July weekend won’t need to break the bank to fill up at the gas pump.
Drivers hitting the road this Fourth of July weekend won’t need to break the bank to fill up at the gas pump. Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, which tracks fuel prices. That’s down sharply from $3.49 per gallon last year and would represent the cheapest gas for the summer holiday since at least 2021. If the national average drops below $3.12 per gallon, it would be the lowest Fourth of July price for gas since 2020 during the height of the Covid-19 pandemic, according to GasBuddy. Muted gas prices represent one of the biggest bright spots in the US economy, which has suffered from softer consumer spending and vast uncertainty caused by the global trade war. Last month’s Israel-Iran conflict interrupted the trend of cheaper gas prices – but only briefly.

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











