Fourth of July travelers can expect to spend less at the pump this year, with gasoline prices for the holiday expected to be the lowest since 2005.
Experts are predicting the national average gas price to be $2.27 per gallon on the fourth, down nearly 40 percent from the price on the same date two years ago, according to an analysis from GasBuddy.
In Utah, the average price was $2.35 per gallon on Wednesday, down 65 cents from last year and down 8.8 cents from a month ago.
In the St. George metro area, the average was $2.45 per gallon, down 71 cents from last year and 2.8 cents from last month.
At a time when some motorists might expect prices to be rising, right before a major holiday, they are actually trending downward, said Gregg Laskoski, senior petroleum analyst for GasBuddy.
“The U.S. average price of gas was lower on July 5 than it was the previous week seven out of 10 occasions dating back to 2006,” he said. “This defies the general consensus on Main Street that prices rise ahead of a major travel holiday.”
The good news doesn’t end there.
GasBuddy is also projecting prices to keep falling through the rest of the year, with a national average that could drop below $2 per gallon by November.
The low prices are also helping to encourage more motorists to hit the road.
This July 4 is expected to see the most travelers of any year since 2007, according to a forecast from the auto club AAA. More than 3.1 million residents in the Mountain West are expected to travel at least 50 miles for the holiday.
“Economic growth, increased disposable income, and lower prices have spurred many residents to celebrate the Independence Day weekend by traveling,” said Rolayne Fairclough, spokesperson for AAA in Utah. “We are well on our way for 2016 to be a record-breaking year for summertime travel.”
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