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Gas Prices Keep Dropping, Just In Time For Canada Day Weekend


The majority of them will be driving 50 miles or more during this extra long holiday weekend starting Friday and going through the 4th on Tuesday.

If prices continue to drop as expected, the cost of gas on the 4th reportedly will represent the first time prices on Independence Day were lower than they were on New Years Day in the 17 years that GasBuddy has been tracking the statistic. Over the last decade, the national average has been as much as $1.04 per gallon higher on July 4 than New Year's Day while the average year sees prices 47 cents higher on the holiday. "Perhaps we can finally get rid of the myth that gas prices go up for the holiday", GasBuddy senior petroleum analyst Patrick DeHaan said in the release.

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.

The national average price per gallon of unleaded gas started sliding in May and continued into last week.

An increase is drivers on the road could potentially push the price of gas up slightly, according to AAA.


Prices at the pump are hitting record lows.

McKnight attributed this to USA gas and crude oil inventories, with high refinery runs flooding an already-saturated gasoline market. "This is like Christmas in July, instead of seeing fireworks at the pumps like we saw just a few short years ago".

Travelers bound for San Antonio can fill up at the rate of $1.97 a gallon, while Austin and Dallas are averaging about $2.04 a gallon, according to GasBuddy.com.

An estimated 3.44 million travelers will take to the skies this weekend, up 4.6 percent compared with past year, while an additional 3.27 million will rely on other modes of transit, such as buses, cruises and trains. The spread between the lowest and highest gas prices in the nation stands at $1.29 per gallon.

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