With today’s national average of $2.66, gas prices are 19 cents less year-over-year and expected to drop even lower into the summer. This is motivating record numbers of travelers to take road trips for the holiday weekend.

“Gas prices are, on average, 17 cents cheaper than Memorial Day weekend, which is welcome news for motorists hitting the road to celebrate the July Fourth holiday,” said AAA gas price expert Jeanette Casselano. “More so, summer gas prices are poised to continue dropping even lower in coming weeks.”

Travelers Paying More

Some of the savings travelers get from lower gas prices will go toward other travel costs this holiday, which are trending higher. According to AAA’s Leisure Travel Index, airfares on average are 10% more expensive compared with last Independence Day, while average car rental rates are 5% higher than last year, at $69 daily. Meanwhile, mid-range accommodations are expected to cost travelers between $153 for AAA Two Diamond and $189 for AAA Three Diamond Rated hotels.