With Hoosier drivers gearing up for the July 4 holiday weekend, many will be benefiting from the lowest Independence Day gas prices since 2005.
The average driver hitting the roadway will be paying $2.21 per gallon, well under the 10-year average of $3.14, according to GasBuddy.com.
“It’s thrilling to see gas prices falling just in time for the most-traveled summer holiday. Perhaps we can finally get rid of the myth that gas prices go up for the holiday,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “Most importantly, motorists are getting a well-deserved break at the pump after years of high summer gas prices. This is like Christmas in July, instead of seeing fireworks at the pumps like we saw just a few short years ago.”
This year is also the first time in GasBuddy’s 17-year history, gas prices on July 4 will be lower than where they stood on New Year’s Day.