For the first time in its 17 year history, consumer data tool GasBuddy projects that gasoline prices will be lower on the Fourth of July than they were on New Year's Day.

According to USAToday, the reversal in fortune is a direct result of crude oil's unexpected decline in 2017 amid a growing realization that the global issue of petroleum production isn't going away anytime soon.

GasBuddy projects a nationwide average of $2.21 per gallon July 4, which would be 12 cents lower than the price at the year's inception.  That's also the lowest price on Independence Day since 2005.

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