Gas prices drop as mo­torists prep for hol­i­day travel

The Covington News - - BUSINESS - STAFF RE­PORTS news@cov­news.com

Mo­torists get the gift of fall­ing gas prices right be­fore the hol­i­day travel sea­son be­gins on Dec. 22. Pump prices are forecast to de­crease even more as mil­lions pre­pare to take their hol­i­day road trip.

Gas prices steadily de­clined since Nov. 1, when the na­tional av­er­age was $3.51. The cur­rent na­tional av­er­age is $3.26, 25 cents less. Prices in Cov­ing­ton are cur­rently be­low the na­tional av­er­age at $3.04.

“Although gas price av­er­ages are only a few cents shy of what mo­torists paid last year, prices are not ex­pected to de­ter hol­i­day trav­el­ers,” said Jes­sica Brady, AAA spokes­woman of The Auto Club Group. “AAA fore­casts more than 84 mil­lion Amer­i­cans will hit the road for a hol­i­day va­ca­tion this year and the good news is pump prices are ex­pected to fall again this week. Some ar­eas in the South­east have al­ready seen gas prices dip be­low $3 a gal­lon.”

A bar­rel of oil set­tled Fri­day at $86.73 on the New York Mer­can­tile Ex­change — 80 cents more than the week prior.

The na­tional av­er­age price of reg­u­lar un­leaded gaso­line is $3.26, 9 cents less than last week. Florida’s av­er­age of $3.27 de­creased 6 cents from last week. Ge­or­gia’s av­er­age price of $3.18 and Ten­nessee’s av­er­age of $3.05 both fell 8 cents last week, re­spec­tively.

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