Motorists traveling for the Independence Day weekend can expect to pay the lowest gas prices since 2005, according to an online analysis of fuel prices.
As of Thursday, GasBuddy.com showed the national average price per gallon at $2.24, while Alabama’s average is $1.97. Just three years ago, the national average per gallon gas price was $3.66.
Clay Ingram, public relations and marketing manager at AAA Alabama, says the law of supply and demand as well as improved technology are behind the price drop.
“Supply is stronger than it has ever been for gas, and technology has allowed us to access more (gas) than we ever have,” said Clay Ingram, public relations and marketing manager at AAA Alabama.
GasBuddy’s website showed the lowest gas price in Tuscaloosa was $1.82 per gallon. AAA’s website showed the Tuscaloosa metro area with an average price of $1.89 per gallon.
“There is no reason to pay more than $2 this weekend,” Ingram said.
Patrick DeHaan, GasBuddy’s senior petroleum analyst, said in an online blog the low prices help dispel the myth that the cost of gas automatically rises for the holiday.
“Most importantly, motorists are getting a well-deserved break at the pump after years of high summer gas prices,” DeHaan said. “This is like Christmas in July, instead of seeing fireworks at the pumps like we saw just a few short years ago.”
Ingram said that with the lower fuel prices, motorists should be prepared for more traffic on the road for the Fourth of July holiday.
“The national average of drivers traveling over 50 miles this weekend will be about 44.2 million, a 2.9 percent increase,” Ingram said.
Ingram said that there is ongoing road…
click here to read more.