Finance

Gas prices lower than usual for start of summer

Gas prices lower than usual for start of summer

If you're hitting the road this long weekend, you can plan to pay less at the pump, with experts forecasting prices will be at their lowest since 2010.

Lloyd Albert, a spokesman for AAA Northeast, says people have more money to travel during the holiday weekend this year. It's also the first time since GasBuddy began tracking prices 17 years ago that Independence Day will bring cheaper gas prices than New Year's Day. And according to the website GasBuddy.com, for the first time in nearly 20 years, gas prices on July 4 will be lower than where they stood on New Year's Day.

GasBuddy senior petroleum analyst Dan McTeague said the prices are a welcome relief after years of summer price increases.

The statewide average on Friday was $2.16, well below the national average of $2.24 as a record 44.2 million Americans prepared to head out for Independence Day weekend.

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Ten Republican state attorneys general on Thursday urged federal authorities to rescind a policy set by former U.S. Denniston has written for us as a contributor since June 2011 and has covered the Supreme Court since 1958.

Prices at the pump are hitting record lows.

AAA Texas reported on Thursday, "this is a 4-cent decrease for gasoline across the USA, averaging $2.24 per gallon".

We are getting the lowest gas prices in almost a dozen years. Also, OPEC's efforts to drive up oil prices through production cuts were largely thwarted by US drillers, who revived idle rigs and filled the void left by Saudi Arabia and other OPEC producers.

The average price for a gallon of regular in the Bradenton-Sarasota-Venice market was $2.109 on Friday, down from $2.122 the previous day and $2.186 a week ago.


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