SoCal Gas Prices Drop Ahead of Thanksgiving — and They’re Expected to Keep Falling

Gas prices are falling as the heavy Thanksgiving driving weekend approaches. Traffic on the 110 Freeway in Los Angeles is seen in this file photo from September 2018. (Credit: Wally Skalij / Los Angeles Times)

Gas prices are falling as the heavy Thanksgiving driving weekend approaches. Traffic on the 110 Freeway in Los Angeles is seen in this file photo from September 2018. (Credit: Wally Skalij / Los Angeles Times)

Southern California drivers have an added reason to be thankful next week.

When they hit the road for the Thanksgiving Day holiday weekend — one of the busiest driving periods of the year — they’ll find gasoline prices have dropped 15 cents a gallon or more, on average, from a month ago.

And pump prices are likely to fall further in response to a recent drop in crude oil prices, analysts said.

“California should see declines of around 20 cents a gallon over the next several weeks,” said Andrew Lipow, president of Lipow Oil Associates, an energy consulting firm in Houston.

Read the full story on LATimes.com

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