Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Jul 06, 2022 4 min read
Getty Images

Planning a summer road trip? Soon, it might get a little cheaper. Drivers are finally experiencing some relief at the pump thanks to falling gas prices, and even more price cuts could be on the way.

On average, a gallon of regular gas now costs $4.78, according to auto club AAA. That’s down from $4.87 a week ago. Roughly 80% of gas stations in the United States are selling regular gas for less than $5 per gallon.

Gasoline prices are declining now because they're closely tied to the price of crude oil. Cheaper crude oil usually translates into cheaper gas, though these price changes often take several weeks to trickle down to stations.