Independence Day weekend gas prices drop to lowest since 2005

Holiday travelers can expect to see the lowest gas prices at the pumps for the Fourth of July weekend in 11 years.

On June 30 the national average was $2.31 per gallon. Smartphone app GasBuddy predicts an even lower weekend average of $2.27 per gallon, according to Penn Live. It has been more than 10 years since holiday rates were this low.

Even just two years ago the average cost per gallon rang in at $3.66. GasBuddy noted however, that a decline in price for this time of year is normal.

Fueled by these lower prices, more drivers are expected to hit the road this season. AAA predicts a record-setting summer for both vehicle miles traveled and gasoline demand, according to a press release from the organization.

Demand for gasoline is already at an all-time high, according to data from the U.S. Energy Information Administration and drivers have enjoyed a decline in price for more than two weeks straight. States with the cheapest cost per gallon include South Carolina at $2.00 and Mississippi at $2.06, while California leads the nation in highest price tag with an average rate of $2.90 per gallon.

Gas prices for July Fourth weekend will be at an 11-year low.