Gas prices continue to fall - ABC 33/40 - Birmingham News, Weather, Sports

Gas prices continue to fall

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The average price for a gallon of gas in the Birmingham area dropped almost three cents last week according to research done by  The price of gasoline averaged $3.18 per gallon while the national average dropped a little more than three cents, averaging $3.43.

"With Thanksgiving just days away, Americans will be hitting major thoroughfares en masse. While gasoline prices have dropped in the last month and a half, the national average will still come close to breaking a record- the highest ever national average for Thanksgiving," said Senior Petroleum Analyst Patrick DeHaan. "I don't really see how gas prices could greatly improve between now and Christmas, given the new military action in the Middle East, and other pressures. It's all but certain the national average will not drop under $3.25 per gallon, which could lead to a perilous start to 2013," DeHaan said.

When compared to last year's prices for the same time period, price's this year are about two cents higher locally and almost 30 cents lower than one month ago.

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