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Slightly lower gas prices greet Thanksgiving week travelers

Posted at 12:43 PM, Nov 25, 2019
and last updated 2019-11-25 21:34:19-05

Gas prices on the Central Coast are a little lower as we enter Thanksgiving week.

The average price of regular gas is down 12 cents per gallon in just the last week.

It'll now cost you about $3.85 at the pump in California.

That's still 24 cents higher than the same time last year and nowhere near the average U.S. price of $2.66.

Experts say refinery issues in California have pushed prices higher overall, but they expect the current downward trend will continue.

"Most of the big pricing impacts come in the summer months, so I'm optimistic prices will continue to go down in the next few weeks and perhaps into the new year," said Patrick Dehaan, Gas Buddy Head of Petroleum Analysis.

Industry analyst Trilby Lundberg of the Lundberg Survey agrees, saying gas prices may continue to drop as demand decreases when the work commute is interrupted by the holiday season, combined with seasonally inclement weather.

San Luis Obispo County's current average price for a gallon of regular is $4.08. In Santa Barbara County, it's $3.97.

AAA estimates more than 7-million Californians will travel 50 miles or more this holiday week, marking the highest number of travelers since tracking began in 2000.