Americans reeling from high gas prices are finding ways to use less by walking, car pooling, resorting to mass transit or just generally driving less.

The result has been a five-year low in gasoline consumption, the Wall Street Journal reported. With the average price of gas now over $4 a gallon nationally, gasoline consumption dropped 3.3 percent during the week ending with the Fourth of July holiday.

Then drivers used an average of 9.347 million barrels a day, according to data from the federal Energy Information Administration. That is the lowest since 2003 when motorists consumed just over 9 million barrels a day during the first week of July.

At the same time, the Journal noted supplies of gasoline increased by a million barrels during the week, which sounds good for drivers.

"The weaker demand, combined with plentiful gasoline supplies, could eventually lead to lower prices at the pump," the Journal said.

We'll be waiting to see if that happens.