Independence Day Gas Prices Much Cheaper Than 1 Year Ago

UNDATED (WJON News) -- There isn't as much pain at the pump this 4th of July holiday, compared to a year ago.

Gas Buddy says prices are projected to be over $1.30 per gallon less than they were in 2022, with the national average estimated to be $3.49 on the holiday this year.

You'd probably like to forget the record prices we paid last year when the national average surged over $5 per gallon.

Cheapest Gas Prices in MN

According to GasBuddy's 2023 summer travel survey, 36 percent of drivers are planning to take a road trip over Independence Day weekend, up nine percent from last year.

Even though prices at the pump remain volatile they are projected to remain in the $3.50 to $4 range throughout the rest of the summer.

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LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Categories: From the WJON Newsroom, State/Regional News