U.S. drivers are seeing more relief at the pump heading into the busy Independence Day travel weekend, with gasoline prices continuing to fall as crude oil markets stabilize following the easing of Middle East supply disruptions.
The national average price for regular gasoline fell to $3.84 per gallon on July 2, according to AAA, extending a steady decline from late May. Prices are down nearly 50 cents from a month ago, though they remain above year-ago levels.
“Overall, gas prices remain the highest they’ve been in 4 years, but the downward trend since late May is welcome news during the busy summer driving season,” AAA said in a statement….