July 4th Joy: Gas Prices Take A Tumble For The Holiday - Spokane, North Idaho News & Weather KHQ.com

July 4th Joy: Gas Prices Take A Tumble For The Holiday

NBCNEWS.COM - Here's something motorists can celebrate: U.S. fuel prices have taken a sharp tumble over the past week, dipping below $3.50 a gallon on average across the country, just in time for the Independence Day holiday.

That's not to say we won't see many service stations jacking up prices to take advantage of holiday travelers, a 4th of July tradition as familiar as hot dogs, apple pie and fireworks. But the latest weekly survey from the Energy Information Administration finds that a gallon of regular has tumbled to $3.496, down from $3.577 just a week ago.

The downward trend comes in line with earlier forecasts by the EIA that prices of crude oil and refined petroleum products would generally favor consumers in the months ahead. That reflects ongoing concerns about both the U.S. and Chinese economies, as well as weak demand in Europe. For Midwest motorists, the news is particularly worth celebrating.

The region saw gasoline spike due to problems with local refineries, prices for unleaded regular jumping to more than $4.29 in some areas, setting or nearing all-time records. In Michigan, prices have plunged back to an average $3.409, according to tracking service GasBuddy.com, and in the community of Lambertville, at least one service station is charging just $2.99 a gallon. Prices under $3.00 have become commonplace in some regions, including South Carolina, which GasBuddy reports as having the lowest average statewide price this week, at just $3.127 for unleaded regular.

The Gulf Coast, with its close access to the oil wells of the Gulf of Mexico, as well as numerous refineries, has the lowest average price of any region, at $3.312 a gallon, according to the EIA, down from $3.377 a week ago. Alabama, Mississippi and Louisiana are among the 10 individual states with the nation's lowest fuel prices this week.

At the other extreme? Drivers in car-filled California can expect to pay $4.002, according to the EIA, though GasBuddy has the figure at a slightly lower $3.958. Either way, that's the highest figure for the 48 contiguous states. The Energy Information Administration also reports the West Coast, in general, has the highest average price of any region, at $3.892.

Oil-rich Alaska tops California, however, at $3.987 a gallon, according to GasBuddy, which lists Hawaii as the most expensive place in the country to fill up, at $4.237 for unleaded regular.

Prices can vary widely from town to town, and prices of as much as $5.09 a gallon have been reported in Los Angeles, according to GasBuddy. In South Carolina, meanwhile, the service has spotted stations selling at a low of $2.89. Various tracking services come up with slightly different averages, though the downward trend is clear this week.

The AAA's Daily Fuel Gauge Report found the nationwide figure to stand at $3.478, sliding yet another penny from the beginning of the week and down nearly 14 cents in a month. But before you light the Roman Candles, the service shows that American motorists are still paying a fair bit more than a year ago, the national average for July 2, 2012 was $3.326.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane human rights group to apologize to sheriff, deputies

    Spokane human rights group to apologize to sheriff, deputies

    Sunday, July 23 2017 12:15 PM EDT2017-07-23 16:15:29 GMT

    SPOKANE, Wash. (AP) - The Spokane Human Rights Commission plan to apologize to the sheriff's office for a comment one of its official made on social media regarding newly hired deputies. Vice chairwoman Ashley Torres shared a post on Facebook announcing seven new Spokane County sheriff's deputies and commented on the lack of diversity in the force.

    >>

    SPOKANE, Wash. (AP) - The Spokane Human Rights Commission plan to apologize to the sheriff's office for a comment one of its official made on social media regarding newly hired deputies. Vice chairwoman Ashley Torres shared a post on Facebook announcing seven new Spokane County sheriff's deputies and commented on the lack of diversity in the force.

    >>
  • Police: Video shows teens watching, laughing as man drowns

    Police: Video shows teens watching, laughing as man drowns

    Saturday, July 22 2017 2:48 PM EDT2017-07-22 18:48:32 GMT

    COCOA, Fla. (AP) - Authorities in Florida say a group of teens watched and laughed as a man drowned in a retention pond last week. Jamel Dunn drowned in a retention pond in the city of Cocoa on July 9. Cocoa police say they later discovered a group of teens recorded the 31-year-old's drowning on video. The video was released by the state attorney's office Thursday and audio was published by Florida Today.

    >>

    COCOA, Fla. (AP) - Authorities in Florida say a group of teens watched and laughed as a man drowned in a retention pond last week. Jamel Dunn drowned in a retention pond in the city of Cocoa on July 9. Cocoa police say they later discovered a group of teens recorded the 31-year-old's drowning on video. The video was released by the state attorney's office Thursday and audio was published by Florida Today.

    >>
  • Washington's new DUI-E law takes effect Sunday

    Washington's new DUI-E law takes effect Sunday

    Tuesday, July 18 2017 10:02 PM EDT2017-07-19 02:02:25 GMT

    SPOKANE, Wash. - "He was my youngest, he was my baby bear," Tina Myer said about her son that was killed by a distracted driver. It was a distracted driver that killed Tina Myer's son Cody, hitting the 23-year-old as he was working as a flagger at a construction site in December 2015. He suffered severe injuries, and died several months later. Now Myer is joining Governor Inslee, praising a new DUI-E law.

    >>

    SPOKANE, Wash. - "He was my youngest, he was my baby bear," Tina Myer said about her son that was killed by a distracted driver. It was a distracted driver that killed Tina Myer's son Cody, hitting the 23-year-old as he was working as a flagger at a construction site in December 2015. He suffered severe injuries, and died several months later. Now Myer is joining Governor Inslee, praising a new DUI-E law.

    >>
HD DOPPLER 6i
/
  • National NewsMore>>

  • Mad Minute stories from Friday, July 21st

    Mad Minute stories from Friday, July 21st

    Friday, July 21 2017 5:38 PM EDT2017-07-21 21:38:23 GMT
    Mad Minute for 12/30/16Mad Minute for 12/30/16

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, July 21st.

    >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, July 21st.

    >>
  • Federal grand jury indicts US soldier on terrorism charges

    Federal grand jury indicts US soldier on terrorism charges

    Friday, July 21 2017 11:50 PM EDT2017-07-22 03:50:00 GMT
    Federal grand jury indicts US soldier on terrorism chargesFederal grand jury indicts US soldier on terrorism charges

    HONOLULU (AP) - A federal grand jury in Hawaii has indicted a U.S. soldier for attempting to provide material support to the Islamic State group. Army Sgt. 1st Class Ikaika Kang was indicted Friday after he was arrested by an FBI SWAT team on July 8. Kang was ordered held without bail. Because of the indictment, Kang will no longer have a preliminary hearing that was scheduled for Monday. Kang's court-appointed attorney Birney 

    >>

    HONOLULU (AP) - A federal grand jury in Hawaii has indicted a U.S. soldier for attempting to provide material support to the Islamic State group. Army Sgt. 1st Class Ikaika Kang was indicted Friday after he was arrested by an FBI SWAT team on July 8. Kang was ordered held without bail. Because of the indictment, Kang will no longer have a preliminary hearing that was scheduled for Monday. Kang's court-appointed attorney Birney 

    >>
  • White House threatens Iran over detained Americans

    White House threatens Iran over detained Americans

    Friday, July 21 2017 9:25 PM EDT2017-07-22 01:25:44 GMT
    Photo: NBCPhoto: NBC

    WASHINGTON, D.C. (AP) - The White House is threatening "new and serious consequences" for Iran unless it releases all U.S. citizens who are detained there. The White House says President Donald Trump is prepared to act in an attempt to end Iran's practice of using detentions and hostage taking as state policy, but it provides no specifics about potential consequences. Trump is urging the return of former FBI agent Robert Levinson, who 

    >>

    WASHINGTON, D.C. (AP) - The White House is threatening "new and serious consequences" for Iran unless it releases all U.S. citizens who are detained there. The White House says President Donald Trump is prepared to act in an attempt to end Iran's practice of using detentions and hostage taking as state policy, but it provides no specifics about potential consequences. Trump is urging the return of former FBI agent Robert Levinson, who 

    >>