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US gas prices lowest since 2010

Drivers can be thankful for gas prices around $3 a gallon over the Thanksgiving holiday.

By Douglas Newcomb Nov 14, 2013 10:15AM

Flikr photo by Gavin. St. OursAs you hit the road in the next two weeks to see your relatives on Thanksgiving, you’ll likely enjoy the lowest gas prices we've seen in nearly three years.

 

According to a AAA report that tracks gasoline prices throughout the country, U.S. drivers are experiencing the lowest prices at the pump in 33 months: an average of $3.19 per gallon.


This is due to high gasoline supplies, a seasonal reduction in consumption that comes with cooler weather and a drop in the price of domestic oil by about $15 a barrel since summer.

 

AAA also forecasts that the national average could fall very close to $3.00 per gallon by the end of the year because of these factors. But where you fill up for a Thanksgiving road trip – one of the most heavily traveled holidays – can make a big difference in what you pay at the pump.

 

Regions with lower taxes and access to major refineries and gasoline supplies have lower prices than expensive areas such as the West Coast or the Northeast. The six states with prices less than $3.00 per gallon (at the time of the AAA survey on Monday) included Arkansas ($2.93), Kansas ($2.95), Louisiana ($2.99), Missouri ($2.82), Oklahoma ($2.93), and Texas ($2.95).

 

Drivers in 10 additional states were just above $3.00 a gallon and could soon see prices drop below that level, including Iowa ($3.02), Minnesota ($3.05), Mississippi ($3.02), Montana ($3.09), Nebraska ($3.06), New Mexico ($3.04), Ohio ($3.08), South Carolina ($3.04), Tennessee ($3.06), and Virginia ($3.05).

 

The AAA report found that drivers in Springfield, Mo., were enjoying the lowest gas prices in the country, at $2.76 per gallon. The most expensive U.S. prices were in Hawaii at $4.05 a gallon, which is the only state with gas prices over $4.00 a gallon. The top price in the mainland U.S. was in San Francisco, at $3.74 a gallon.

 

AAA also pointed out that prices not only vary widely between regions but also between stations in the same general area. AAA found that while a quarter of U.S. stations offer prices below $3.00 per gallon, 10 percent still sell gas for more than $3.50 per gallon. 


Image by AAA[Source: AAA]

21Comments
Nov 14, 2013 12:02PM
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"Drivers can be thankful..."??????? For what???!!!! Gas price jumped up $.10 today!!!!

What a bullsh*t article!!!!!!!! "... be thankful..." For continuing to get screwed...????? Dumba**!!!!!!

Nov 20, 2013 6:01AM
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WOW, are we suppose to jump up and down for joy? I'd be impressed if it dropped back down to 89.9 a gal. They raised the price of gas from 90 cents per gal up to almost $5.00 a gal so when they lower it to $3.00 per gal we are suppose to think we are getting some fantastic break.
Nov 20, 2013 2:49AM
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lol gasoline in Ecuador is 1.48 a gallon do rant on how good it is there.
Nov 20, 2013 9:43AM
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As big oil companies continue to make record profits off the backs of the working poor.

 

Nov 16, 2013 9:39PM
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prices are high, gallon shall not exceed two dollars, we are getting almost free gas from Iraq guys.
Nov 20, 2013 4:55AM
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not sure why we should be thankful for rising gas prices?!  WTF....reasons?....oh there are none  i thought so
Nov 19, 2013 11:10PM
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you can thank the mid season elections coming soon
Nov 20, 2013 4:54AM
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Gas in maryland just jumped .14-18Cents in a week one station 3.09 next week 3.23...guess the gas companies need to get ready to make more money off the holiday travelers
Nov 20, 2013 8:30AM
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What the hel@ are you people smoking???  Prices jumped 15 cents a gallon OVERNIGHT!!!  I can't wait until all cars are not dependent on gasoline and the oil companies go out of business - along with the arab nations that are gouging us! Pinocchio doesn't care as we are paying for all of his expenses! What the hel@!!!  Impeach him NOW!
Nov 20, 2013 10:36AM
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Seiously if u want economy to come back real fast... Gas prices needs to drop a whole lot more than just $2.97 or whatever..... If it becomes $1.30 I believe the economy will boom to near 1980s again. As transportation will increase... Everything will start to move fast... Jobs will come back. I honestly hope the oil boom can lower prices. Seriously companies like Walmart, Best buy, Apple, MS  etc etc.. everyone stands to gain and not lose. If we all stop buying foreign oil and we start exporting and China and several other countries subsidize oil to some extend. That is why their economy grew. This is a simplistic view but it works. When oil is cheap - people travel more, people buy more, people go out more.. everyone wins. my 2cts They do not have to do subsize for 100+ years.. just a few years and then let the market correct itself... econs 101
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