Gas prices have decreased by 20 percent since the beginning of the summer

Ahead of the upcoming Labor Day weekend, gas prices dropped 20 percent earlier this summer, according to data.

In a press release on Thursday, GasBuddy said: “After a seemingly endless spring price hike at the pump, gas prices have fallen each week of the summer and are expected to be the lowest since March 3rd and less than 20%.” July 4, $3.79 per gallon.

“Prices this Labor Day weekend will continue to fall slightly from summer highs, although they will be more than 60¢ per gallon more expensive than last year,” the press release added.

The drop in national average gas prices comes ahead of the Labor Day weekend, when more Americans are expected to travel by car.

In a recent survey by Cars.com, 64 percent of respondents said they plan to travel on the upcoming holiday. According to the survey, 80 percent of the 64 percent of respondents said they plan to travel by car.

“Gas prices are still too expensive for some, but we’re seeing pain at the pump this holiday weekend. Commuters are saving on gas by switching to electric and hybrid vehicles, with 36% of road users using alternative fuel vehicles this Labor Day,” Cars.com Editor-in-Chief Jenny Newman said in a press conference with the survey.

Another survey conducted by The Vacationer found that more than 53 percent of Americans plan to travel this holiday weekend, with driving as the primary form of transportation. The survey suggests that Americans are about to be divided over the price of gas that affects their travel plans. According to the survey, 49.82 percent of respondents said current gas prices are not affecting their travel plans, while 50.18 percent disagreed. Of the 50.18 percent who disagreed, 33.33 percent said it was because they wanted to drive, while 16.85 percent said the increase in gas prices was “affecting the cost of air travel.”

In a press release announcing the drop in gas prices, GasBuddy’s head of fuel analysis, Patrick DeHaan, said, “It’s been a very confusing time with gas prices rising before the summer, causing many Americans to rethink their summer travel plans. The longest drop in gas prices since the pandemic began to provide meaningful relief.

“As the sun sets over the summer, gas prices are in a very predictable range and will likely continue to decline well into the fall, barring major disruptions from hurricanes and the like,” de Haan added.

News week After reaching out to GasBuddy for further comment, he was referred to the press release.