AAA: Gas prices fall another 5 cents in Florida

Posted July 05, 2017

AAA also created a list of the top 10 destinations during the Independence Day holiday based on its summer travel bookings.

"In the 17 years GasBuddy's been in existence, we've never seen independence day gas prices, on average, lower than they are in the same year new year's day", McTeague says.

The national average gas price (as of July 2) is about four cents cheaper than this same time past year, at $2.234 per gallon, and quite low for the summer travel season.

San Antonio- $1.95/g, down 3.4 cents per gallon from last week's $1.99/g. The Hilo average price is $3.03.

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It's nearly an entire dollar less than the usual average prices over this holiday and what's more, for the first time in 17 years, Independence Day will bring cheaper gas prices than New Year's Day. Though global oil price benchmark rose to $56 a barrel earlier in April, it has cooled off in May and June, falling to about $45 a barrel.

Elsewhere, the national average fell 2.7 cents to $2.22 per gallon.

The range in prices in the latest AAA survey for unleaded regular is 40 cents, from a low of $2.09 to a high of $2.49.

AAA says record refinery rates, high gasoline and crude inventory are among the contributing factors causing the downard price trend. It is just a matter of time before the national average bottoms out for the short-term, but at least the low prices was perfectly timed with what may be the lowest average gas prices of the summer as we celebrate the Fourth.