Economy Watch: More Americans Traveling for July 4 Than Ever

AAA expects record travelers this 4th of July weekend

Gas prices steady

That's an increase of 1.25 million travelers or 2.9 percent over previous year, making ti the most traveled Independence Day since AAA has been counting.

At last check, the statewide average cost per a gallon of gas was $2.27 per gallon, which is a drop of 3.1 cents over last month and 2.1 cents more than this time past year.

According to AAA Kansas, with the record-breaking Independence Day holiday travel weekend underway, average gas prices in Kansas continue their steady decline this summer.

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Gas price averages continued to remain stable throughout the islands as residents and visitors are anticipating the July 4 holiday, according to the AAA Hawaii Weekend Gas Watch. On the week, gas prices fell in 46 states. The state was averaging $2.21 a year ago at this time.

The cheapest gas on average is in South Carolina, Oklahoma and Indiana.

The average price this week is five cents below the national average of $2.23.

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AAA says record refinery rates, high gasoline and crude inventory are among the contributing factors causing the downard price trend. Today, consumers can find gas for $2.00 or less at one out of every four gas stations in the country.

AAA reports that the most expensive gasoline can be found in the City of Chicago, at $2.73 per gallon.

While the decline in active rigs might signal that USA production may be headed for a new trend, which could lead to a degree of tightening between supply of oil and demand for refined products, the US oil rig count is still up by 415 when compared to the count past year at this time.

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