GasBuddy: Gas prices may fall some before July 4

Posted 6/30/22

CHEYENNE (WNE) — There’s both good and bad news for drivers expecting to hit the highways during the July 4 holiday period.  

Due to surging gasoline and other commodity prices, …

This item is available in full to subscribers.

Please log in to continue

E-mail
Password
Log in

GasBuddy: Gas prices may fall some before July 4

Posted

CHEYENNE (WNE) — There’s both good and bad news for drivers expecting to hit the highways during the July 4 holiday period. 

Due to surging gasoline and other commodity prices, “drivers will be facing the most expensive July 4th at the pump ever this year,” according to GasBuddy. The gas price monitoring service immediately added, though, that “the news isn’t all bad.” 

The silver lining is that “U.S. gas prices are expected to drop 10 to 20 cents by Independence Day,” the company predicted Thursday. 

Just this week, President Joe Biden sought to halt the federal gas tax for three months. Should that come to pass, that “would potentially lead to an 18.4-cent decline in gas prices,” GasBuddy noted. “If the tax is suspended, prices at the pump could drop even further this summer, saving American drivers collectively about $70 million per day while the average motorist saves $25-$70 over three months.” 

Comments