It’s the time of year when many are traveling over the river and thru the woods to gather for Thanksgiving, and those traveling via automobile are seeing the lowest gas prices in five years. AAA spokesperson Don Redman said the average price for a gallon of regular gasoline in Louisiana is $1.84 at the pump.
“That’s almost .40 a gallon cheaper than we were this time last year, so it certainly is a bargain for those traveling by vehicle,” said Redman.
Redman said it’s all about demand, which is much less than in years past for Thanksgiving, due to the pandemic and fledgling economy.
“The double-punch of a pandemic and a weak economy has really just curtailed people from traveling at all, so the demand has pretty much taken a nosedive which is keeping those prices pretty low,” said Redman.
Redman expects gas prices to keep dropping, as prices in December in January tend to be the best for gas. As for next spring, when demand typically increases, predicting prices at the pump are questionable.
“Supply, you know that’s gonna be the big crunch, as we see some refineries close and output just being cutback The spring may be an awakening for us, but we’ll cross that bridge when we get to it,” said Redman.
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