Gas Prices Expected To Hit 5year Lows For Thanksgiving

Dated: November 24 2014

Views: 366

Here's something to be grateful for this Thanksgiving: Gasoline prices in South Florida will be the lowest for the holiday in five years, AAA predicts.

Prices probably will be at least 60 cents cheaper than last year and average less than $2.90 per gallon.In Florida, AAA forecasts average gas prices of $2.68 per gallon for Thanksgiving, down from $3.46 a year ago. In South Florida, prices generally run higher than the state average because of higher taxes.

Florida down to 283 for regular gasoline
On Monday, the price for regular gas in Broward County averaged $2.91 per gallon, down 5 cents from last week and down 65 cents from last year. The price in Palm Beach County averaged $2.97 per gallon, down 6 cents from last week and down 54 cents from last year, AAA said.Gas prices have been falling this autumn largely because of increased supply of oil. U.S. production is hitting levels not seen since the 1980s.

Nationwide, gas prices are forecast to average less than $3 per gallon next year, also the lowest in five years.

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Angelo F. Terrizzi Jr.

I am a New England native, born and raised in the Boston area. Growing up, I was always involved with extra-curricular activities through school and church. I spent 30+ years in Business and later in ....

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