Contact Street Smarts
Gas prices edge lower in time for holiday travel season
Gas prices this holiday season are going to be nicer to Holiday road warriors than they were for summer travelers. The price of gasoline is falling nationwide and is expected to rest closer to $3 by the end of the year, according to AAA of Northern California, which tracks the price of gas. In Northern California, the average price of fuel is down 81 cents, to $3.82. Statewide, gas prices are down 82 cents to $3.85 since AAA's last report on Oct. 9. That's two cents more than the price of gas on this date last year. Locally, the average price to pump is $3.84, down 79 cents from last month. “Lower crude oil prices, the seasonal switch from summer to winter blend, and reduced demand have added to the recent downward pressure on retail gasoline prices,” said Cynthia Harris, AAA Northern spokesperson. “With continued signs of global economic weakness and a somewhat stronger U.S. dollar, crude oil prices have continued to move lower.” How low will they go? Nationally, AAA predicts the average price of gas will dip to between $3.25-3.40 by Thanksgiving and $3.10-3.30 by the end of the year.