After two months of increases, gas prices are dropping and should go lower heading into the July 4 weekend.
The average price of regular fell to $2.52 in metro Atlanta Sunday, down from $2.57 a week ago.
The national average was $2.64, also down a nickel.
“All the indicators reflect that the peak price is behind us and we can now expect retail gasoline prices to edge downward, even as we approach the Independence Day weekend,” AAA Auto Club South spokesman Gregg Laskoski said.
With high oil inventories and weak demand, experts are predicting further drops in retail prices. Crude oil closed Friday at $69.16 per barrel on the New York Mercantile Exchange. The high this year was $72.04 per barrel on June 12.
The auto club has predicted that 25,000 fewer Georgians will take road trips over the holiday weekend, compared to last year. But officials say falling gas prices could prompt some families to reconsider.
AAA also noted that 4,000 more Georgians will fly over the July 4 weekend, taking advantage of affordable plane tickets.
All told, a projected 1,067,000 Georgians will travel.
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