Sheetz slashes gas price by 50% to $1.776 per gallon. But only for one day | CNN Business

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An East Coast convenience chain is offering gas at a patriotic price for one day only.

Sheetz will be selling gas for $1.776 on the Fourth of July, a nod to the year the Declaration of Independence was signed. The promotion began at 12:01 a.m. ET Tuesday and means drivers could save 50% on the typical pump price. It’ll last all day, or at least as long as the gas lasts. Regular, E85 , Unleaded 88, mid-grade and premium fuel grades all fall under the promotion. The deal doesn’t apply to diesel or Ethanol Free fuel.

2 million Americans traveling for the holiday this year are already paying much less for gas compared to last year. The national average for regular gasoline dropped to $3.55 a gallon last Thursday, according to AAA, compared to $4.87 a gallon a year ago. The national average dipped even more to $3.53 a gallon on July Fourth. “This is terrific. Gasoline prices are a leading economic indicator for many Americans,” said Patrick De Haan, head of petroleum analysis at GasBuddy, last week.

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