--- title: Gas Prices Dropped 30 Out of 31 Days in July description: The national average for gas prices experienced the largest drop in July in six years, according to AAA authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2014-07-31T15:28:38.000Z' modified: '2024-04-16T04:06:13.000Z' section: Personal Finance tags: - AAA - Autos - energy - Fuel - Gas - Gas prices - gasoline - Travel word_count: 314 canonical: https://money.com/gas-prices-july-2014-summer/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![140731_EM_GasPump_1](https://img.money.com/2014/07/140731_em_gaspump_1.jpg) The direction that gas prices have been heading in during peak vacation and road trip season should put smiles on the face of American motorists. As of July 31, the [AAA Fuel Gauge Report](http://fuelgaugereport.aaa.com/) listed the national average for a gallon of regular at $3.517, roughly 3¢ less than a week ago, 16¢ less than one month ago, and 11¢ less than prices at the pump at this time last year. What's more, [AAA announced](http://newsroom.aaa.com/) that gas prices fell in 30 out of 31 days in July, helping to bring about the biggest decline in prices at the pump in July in six years. This is the first time ever recorded that gas prices have fallen so consistently in July, which is a month when gas prices are generally prone to soar. The highest national average ever posted remains July 2008, when prices spiked to a panic-inducing $4.11. “Falling gas prices are nearly the opposite to what we usually see this time of year,” said AAA spokesman Avery Ash. So what explains the decline? “Refineries are running at full tilt and there is more than enough gasoline in the market, which has helped bring down prices despite multiple overseas conflicts.” And what can we expect going forward? Well, gas prices have dropped in August in three of the last five years. But prior performance is no indication of what'll happen in the future—just look at gas prices recently, which have fallen during a time period when they have skyrocketed in the past. Even so, the experts at AAA anticipate that gas prices will continue on a downward path in the days and weeks ahead, provided there are no major hurricanes, refinery problems, or unforeseen international conflicts—any of which could send fuel costs up and up. For now at least, the idea that gas prices peaked for 2014 in early spring is still holding up. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/gas-prices-july-2014-summer/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "Expenses", "item": "https://money.com/expenses/" }, { "@type": "ListItem", "position": 4, "name": "Gas Prices Dropped 30 Out of 31 Days in July" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/gas-prices-july-2014-summer/#webpage", "url": "https://money.com/gas-prices-july-2014-summer/", "name": "Gas Prices Dropped 30 Out of 31 Days in July", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-07-31T15:28:38.000Z", "mainEntity": { "@id": "https://money.com/gas-prices-july-2014-summer/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/gas-prices-july-2014-summer/#breadcrumb" }, "dateModified": "2024-04-16T04:06:13.000Z" }, { "@type": "Article", "headline": "Gas Prices Dropped 30 Out of 31 Days in July", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2014/07/140731_em_gaspump_1.jpg", "width": 3686, "height": 5530, "caption": "140731_EM_GasPump_1" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2014-07-31T15:28:38.000Z", "description": "The national average for gas prices experienced the largest drop in July in six years, according to AAA", "abstract": "The national average for gas prices experienced the largest drop in July in six years, according to AAA", "@id": "https://money.com/gas-prices-july-2014-summer/", "inLanguage": "en-US", "dateModified": "2024-04-16T04:06:13.000Z", "wordCount": 314, "keywords": [ "AAA", "Autos", "energy", "Fuel", "Gas", "Gas prices", "gasoline", "Travel" ], "about": [ { "@type": "Thing", "name": "Personal finance", "sameAs": [ "https://en.wikipedia.org/wiki/Personal_finance" ] }, { "@type": "Thing", "name": "Expense", "sameAs": [ "https://en.wikipedia.org/wiki/Expense" ] } ] } ] } ```