Gas Prices Drop Ahead of Summer Travel

Gas prices are falling as millions of Americans hit the road for the holiday weekend.

According to CNBC, "gas is the cheapest it's ever been." Inflation-adjusted gas prices "are near the lowest levels we've seen in the last 20 years" - and with rising incomes, "Americans are actually spending far less of their income on energy than they have in quite some time."

The good news is being felt across the nation:

• Tupelo, Mississippi: "If you're driving, you could be in for a pleasant surprise at the pump."
• New York City, New York: "It looks like gas prices are about to get cheaper."
• Toledo, Ohio: "Summer gas prices are at a surprising four-year low."
• Columbia, South Carolina: "If you're planning to hit the road ahead of the 4th of July weekend, gas prices are currently the lowest that they've been since 2021."
• Jacksonville, Florida: "Some good news for gas prices - they continue to fall ahead of the 4th of July holiday."
• Macon, Georgia: "If you're planning to travel this week, gas prices in our area are down. They're the lowest that we've seen this time since 2021."
• The Arizona Republic:"Arizona motorists are seeing a relatively cheap summer at the gas pump, despite recent conflicts abroad.Oil prices have fluctuated since the start of the Israel-Iran war earlier this month. But gas prices have remained relatively steady across the nation - and have largely declined in Arizona."
• GasBuddy: Gas Prices to Fall to Lowest July 4th Level Since 2021 as Middle East Tensions Cool
• CNN: "They're pretty low - and they're trending lower … This would be the lowest on Fourth of July for gas since at least 2021 - perhaps even since 2020 during COVID. Of course, people are making more money, on average, than they did back then, so on an inflation-adjusted basis, gasoline is swallowing up a smaller and smaller chunk of paychecks."
• ABC News: "Most people traveling right now are traveling by road. Gas prices - $3.18/gallon right now, that's the national average for regular unleaded. Last year, that was $3.49/gallon - so significantly lower."
• CNBC: "As Americans gear up for summer travel, prices at the pump may be cooling off. This summer could bring the lowest gas prices in years."
• The New York Times: "Summer road trips appear to be safe from a big spike in gasoline prices … The last time the cost for drivers was lower in late June was in 2021."
• The Wall Street Journal: "The national average for a gallon of regular gasoline, $3.21, is about 23 cents cheaper than this time last year … Reduced prices would be a boon for consumers during the warmer months when Americans drive more. Low energy prices so far this year have already contributed to the economy's resilience and helped keep inflation in check."
• NBC News: "Looking at gas prices that are the best in four years - and this is so important for all of those millions of people who will be hitting the roads … 20 cents less than it was a year ago, so that's six or seven bucks extra when you fill up. That's real money."
• Fox Business: "Summer gas prices hit lowest level in 4 years despite Middle East tensions"