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July 4th gas prices expected to hit lowest level in 3 years

July 4th gas prices expected to hit lowest level in 3 years

CBSN
Tuesday, July 02, 2024 06:15:34 PM UTC

Low gas prices are something for drivers to celebrate this July 4th, with costs at the pump expected to hit their lowest levels since 2021. 

The average price of gasoline on Independence Day is expected to be $3.49 per gallon nationwide, the lowest price it's been on the busy travel holiday in three years, according to GasBuddy, a fuel savings platform. 

That could mean serious cost savings compared with a few years ago for the 60.6 million motorists who are expected to travel by car to celebrate the federal holiday, according to AAA.

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