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Gas prices drop ahead of Thanksgiving travel

Posted at 9:30 PM, Nov 15, 2018
and last updated 2018-11-16 00:34:40-05

Gas prices are dropping just in time for Thanksgiving.

The relief comes after a four-year high in October. The national average was almost $3 per gallon at that time, but now it’s $2.66 for the average gallon of regular gas.

On the Central Coast, prices are higher as usual.

According to AAA, the average price for a gallon of regular gas in San Luis Obispo County was $3.80 as of Thursday. The average price for a gallon of regular gas in Santa Barbara County was $3.71. That’s still a decrease compared to last month when the average price was $3.92 in San Luis Obispo County and $3.87 in Santa Barbara County.

The statewide average was $3.67 as of Thursday.

Experts say gas prices are lower right now because of a dramatic drop in oil prices over the last few weeks. Ample global supplies of petroleum, which is refined into gasoline, have played a key role in delivering savings for consumers.