Gas Prices Are Falling. Your July 4 Fill-Up Still Won't Feel Cheap.

Despite a six-week decline in gasoline prices, Americans are bracing for one of the most costly Independence Day weekends on record. GasBuddy forecasts a national average price of $3.75 per gallon for July 4, marking the second-highest price ever, just below the $4.80 peak during the 2022 energy crisis. This situation underscores the lingering impact of global energy market shifts, even as prices moderate. The recent drop in prices doesn't fully offset the elevated costs stemming from earlier geopolitical tensions.