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Gas prices falling as holiday weekend approaches

National gas prices are down 88 cents from July 4, 2014.
National gas prices are down 88 cents from July 4, 2014. AP

Gas prices are on the decline nationwide as drivers gear up for what AAA expects to be the most traveled Independence Day since 2007.

The national average price for a gallon of gasoline fell to $2.85, a 2-cent drop over the last two weeks. According to industry analyst Trilby Lundberg, the dip comes after a 42-cent jump over the last nine weeks.

Despite the spike over the last two months, gas prices have been in free-fall for more than a year.

In Florida, the average price for a gallon of gas is $2.69 — 91 cents lower than the price on July 4, 2014.

“Lower gas prices are added incentive for travelers to pack up the family vehicle and hit the road this Independence Day,” said Mark Jenkins, an AAA spokesman “Gas prices are likely to continue falling through the holiday weekend and travelers will find the cheapest gas prices in at least five years.”

The Associated Press contributed to this report.

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