AAA Says Gas Prices Have Decreased Compared To Last July 4th

Posted July 05, 2017

The average price for a gallon of regular unleaded in the two-county region was $2.09, down 7 cents in the past week and 27 cents in the past month, according to AAA's daily fuel tracker.

At the rest stop along Interstate-71 North near Columbus, holiday travelers 10TV spoke to from as far away as NY and MI were pleasantly surprised to see Ohio's gas prices.

Consumers may be enjoying historically low gas prices, but that may soon change, analyst Dan McTeague told CNBC on Monday.

"The combination of tepid demand and increased gasoline and crude oil output continues to put downward pressure on gas prices", said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast. The national average has decreased 15.4 cents per gallon during the last month and stands 4.8 cents per gallon lower than this day one year ago.

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In a statement issued after the vote, Trump urged the Senate "to take up these bills, pass them, and send them to my desk". Goodnow also said that even if the law were passed, its fight would be "far from over".

For the first time ever, gas prices are expected to be lower on the Fourth than on New Year's Day.

A deal reached in December to cut production among the Organization of Petroleum Exporting Countries has not been enough to push prices higher.

Elsewhere, the national average fell 2.7 cents to $2.22 per gallon. The highest was about $2.35 in the Ann Arbor area. 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.