Gasoline Prices

By: Associated Press
By: Associated Press

Retail gas prices keep falling. And travel industry officials predict that Americans could take to the roads in record numbers over the Thanksgiving holiday.

Retail gas prices have fallen more than 20 cents per gallon nationwide in the last two months.

A AAA travel survey in October said that a 25-cent drop in prices would encourage 60 percent of Americans to increase their plans to travel by automobile during the holidays.

As of Monday, the average price nationwide for a gallon of regular unleaded gasoline is just over $1 and 51 cents.

But prices are still about five cents higher than they were a year ago.

The biggest component in the cost of gasoline is the crude oil price. That's now at about $29 a barrel -- down from $32 in September.


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