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Buckle up, drivers: This weekend could bring the cheapest gas prices of 2017

Buckle up, drivers: This weekend could bring the cheapest gas prices of 2017
Posted at 4:44 PM, Jun 21, 2017
and last updated 2017-06-21 16:44:39-04

A recent drop in oil costs has made way for the cheapest gas prices at the start of summer in 12 years, CNN reported.

Gasoline prices have followed the drop in oil costs; prices at the pump have dipped every day since June 2, according to AAA. The national average for a gallon of gas is $2.28, which is down 10 cents since the beginning of June.

Tom Kloza, chief oil analyst for Oil Price Information Service, tracks oil prices for AAA. He told CNN wholesale gas prices suggest the cost at the pump will continue to fall, and this weekend could bring the cheapest gas prices so far in 2017.

"If wholesale prices predict retail, and I do believe they do, we're poised for some very cheap gas ahead," Kloza told CNN.

Gas prices are not typically cheap in the summer months since demand for gasoline is usually high.

For the first time this century, gas prices could be cheaper over the 4th of July weekend than during the previous Christmas and New Year, Kloza said.

Gas for less than $2 a gallon is becoming more common. Nationally, South Carolina has the cheapest gas at $1.96 a gallon. Oklahoma, Alabama and Mississippi are also poised to fall under $2 a gallon, according to GasBuddy.com.