Gas Prices Low, But Not Lowest this Holiday Season
Written by Your 5News Team
Last updated on December 26, 2012 @ 7:03PM
Created on December 26, 2012 @ 5:14PM
Reports show more people would be traveling during this holiday season than they did last year. That's because of a few different reasons, but one of the biggest ones is low gas prices. Over the past month, gas prices in our state have fallen about 25 cents in most areas. While that sure seems like you're saving a few extra pennies, don't start spending those just yet.
AAA officials said gas prices are much lower now than they were two or three months ago, but they're still higher than most other holiday seasons. However, prices were at least able to fall a couple of cents as we transitioned to less-expensive, winter-blend gasoline. AAA officials said despite all of this, prices don't seem to have much of an impact during this time of the year, because people are determined to travel no matter what.
As for whether or not gas prices will go up or down after the holidays, all depends on what happens in D.C. surrounding the looming fiscal cliff. If a deal is reached before the end of year deadline, gas prices may actually end up getting higher. But if a deal is not reached, prices could go even lower.
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