Average Gas Price on LI Down as the July 4th Holiday Weekend Approaches

Have travel plans for the July 4th holiday weekend? Get the scoop on what you can expect at the gas pump.

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The July 4th holiday weekend is fast approaching and for drivers looking to fuel up before it comes around, they can expect to see lower gas prices at the pump from a month ago. Though, compared to last year, it’s still higher, according to AAA.

The average price of regular gas on Long Island on Wednesday morning was $3.792 a gallon, according to reporting from Newsday. That is still 15.2 cents higher than last year.

The national average price of regular gas is $3.57 a gallon, according to the latest AAA Fuel Gauge Report.

AAA expects the national average on gas prices to continue to dip in June, but come July there may be a rise in price as the summer driving season ramps up – a trend seen with recent years.

While the price of gas still remains higher than last year, the dip in price from earlier this year is welcome news for many.

AAA Travel is projecting 40.8 million Americans to make travel plans of 50 miles or more over this holiday weekend. Approximately 34.4 million of that number (84 percent) will travel by car.

Gas inventory for the nation remains high during this time of year thanks to the resolution of refinery issues. This has allowed the national average on gas price to continue to decline for 12 straight days according to the AAA Fuel Gauge Report.

[Source: AAA’s Fuel Gauge Report – June 24, 2013; AAA Travel; Newsday.]