Low gas prices might push Thanksgiving travel

Thanksgiving is just around the corner, and dropping gas prices at the pump could convince many families to take to the road.

Gas in Florida dropped another nickel over the past week, bringing the average cost for a gallon of regular unleaded to $2.91, while the national average falls to $2.93. It’s the 42nd consecutive day gas prices have dropped nationally, and the 37th in Florida.

“Cheap gas prices couldn’t come at a better time as millions of Americans make travel plans for the holiday season,” AAA spokesman Mark Jenkins said, in a release. “Prices are the lowest in four years, which should influence more people to take a trip, drive farther, or drive instead of fly.”

The average gas price is now below $3 a gallon in 26 states, including Florida, Georgia and Tennessee. South Carolina has the cheapest gas in the country at $2.68, with Tennessee not far behind at $2.70. Florida has the 20th cheapest.

The U.S. shale boom continues to have a major impact on the market, with domestic oil production the highest on record, dating back to 1983. The price for a barrel of oil fell below $79 for the first time since June 2012, settling at $78.65 on Friday, a drop of $1.89 from the previous week.

Land O’ Lakes has the cheapest gas in the area, with $2.75 reported at both the Citgo and RaceTrac stations in the State Road 52 area, according to GasBuddy. Zephyrhills was not far behind with $2.77 at a Shell station on Paul S. Buchman Highway and Central Avenue.

The Circle K on Van Dyke and Old Tobacco roads checked in at $2.78 in Lutz, while the cheapest gas in both Wesley Chapel and Dade City was coming in at $2.79.

Two shell stations on Van Dyke Road in the Lutz area had the area’s most expensive gas at $2.99, while the Sunoco at Land O’ Lakes and Causeway boulevards reported $2.93, in the Land O’ Lakes area. Wesley Chapel’s most expensive was $2.89 at a Shell station on Bruce B. Downs Boulevard and State Road 56, not far from its cheapest gas at Sam’s Club, which was a dime lower.

 

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