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The Fourth of July is perhaps the country’s most beloved holiday, and this year, revelers had an additional reason to celebrate — the national average price for a gallon of gasoline dropped to $2.29, the lowest price in 13 years. The price had dropped seven cents by month’s end, most likely a result of lower oil prices and “an abundant gasoline supply,” according to industry analyst Trilby Lundberg.
The data comes from the Council for Community and Economic Research’s Cost of Living Index, which is compiled by pricing items across different locations at a specified time. The list is ranked by the cost of one gallon of regular unleaded gas from a national brand, including all taxes.