Another Sharp Decline for S.A. Gas Prices

Just in time for your Thanksgiving road trip.

New numbers show another sharp, five-cent decline in the average price per gallon at San Antonio gas pumps over the last week.

“Another big drop. As a result in Texas, we’re looking at some of the lowest gas prices in the country” Gasbuddy dot-com’s Gregg Laskoski told KTSA News.

That five-cent decline in the local average–mimicked in a number of other spots around the State and Country, should make your Thanksgiving road trip that much more affordable.

“According to our recent survey, 52% of those people traveling said they’re going to be on the road for at least four hours–and, 20% said they would be driving for ten-plus hours” Laskoski said.

Looking ahead, Laskoski said gas prices–which have now about moved back in line with what we were paying at this time a year ago–should only continue to fall from here.

“Consumption has been at a very steady rate, and as a result we have more supply than we have demand. That’s why we’re still looking at downward pressure on retail prices” Laskoski said.

What might change that equation? Perhaps if OPEC can revive what now looks to be a dead plan for a production cut to be voted on by the Cartel at the end of the month.

“It’s almost impossible for them to get their members–all of their members–to fully comply with those types of things” Laskoski said.

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