Gasoline prices likely to hold steady for Thanksgiving holiday
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Motorists might not be paying as little as they’d like to for a gallon of gasoline, but at least prices probably will remain stable in California and across the nation during the Thanksgiving holiday, a government report released today indicated.
The Energy Department’s weekly survey of filling stations showed little change at the pumps over the past week.
The average price of a gallon of gasoline in California dropped 2.1 cents to $2.94, a decline of nearly 7% since reaching the state’s high this year of $3.153 a gallon on Sept. 14.
Nationally, prices were up a penny to an average of $2.639 a gallon.
In a possible sign of an improving financial situation, or at least a more optimistic outlook among motorists, AAA last week predicted a 1.4% increase in the number of people who were expected to take to the roads during the holiday.
AAA said that about 38.4 million people would drive at least 50 miles over the course of the holiday. That’s in spite of the fact that gasoline prices last year averaged nearly 83 cents a gallon less in California and 74.7 cents a gallon less nationally.
-- Ronald D. White
