News, Gas prices dive just in time for Thanksgiving road trips : detailed suggestions and opinions about Gas prices dive just in time for Thanksgiving road trips .
The average price for a gallon of gas in Southern California has dropped nearly 70 cents from a month ago, and holiday travelers can thank a volatile global oil market and seasonal shifts in production costs for lower prices heading into the Thanksgiving holiday.
Prices continue to drop, according to the Automobile Club of Southern California, but the decline has slowed in recent days.
The average price for a gallon of gas is $5.43 in California and $5.50 in the Los Angeles-Long Beach area. Although this continues a trend of declining gas prices, it’s still far above the average of $4.67 a gallon at this time a year ago, AAA said.
Last month, gas prices spiked to $6.15 a gallon in California thanks to several factors.
