Gas Prices Dip To Lowest Level In 4 Years

UNDATED - With a busy travel week ahead of us, Americans are giving thanks for lower gas prices.

The website GasBuddy.com says the average gas price in the United States is at $2.80 - that's .44 cents lower than a year ago.

Here in the St. Cloud metro area, most gas stations are charging $2.67 for a gallon of regular unleaded - that's .38 cents lower than the $3.05 we were paying last year at Thanksgiving.

Gas Buddy is predicting prices will go even slightly lower as the week goes on.

From The Associated Press:
A national survey reveals the average price of regular gasoline has plunged another 10 cents a gallon over the past two weeks, to $2.84.

Industry analyst Trilby Lundberg says the decline continues a trend that has seen prices in the U.S. fall by 88 cents since May.

Lundberg says lower crude oil prices are continuing to drive prices down, along with an abundant oil supply and the rising value of the U.S. dollar.

The highest priced gas in the Lower 48 states was found in San Francisco at $3.14 a gallon. The lowest was in Albuquerque at $2.47 a gallon.