Gas prices plunge as holiday travels begin

3 weeks 21 hours 35 minutes ago Monday, November 19 2018 Nov 19, 2018 Monday, November 19, 2018 6:25:00 PM CST November 19, 2018 in News
By: Mavrick Alexander, KOMU 8 Reporter
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COLUMBIA - Gas prices in mid-Missouri have been on the decline the past month. 

According to AAA, Missouri had the cheapest gas price in the country at $2.27 per gallon as of Nov. 19, 2018. 

Missouri ranked fourth when it came the price change for the month of November, when prices dropped 34 cents.

"Filling up in Columbia is way better than in my hometown. It's so expensive everywhere else I go," Derrek Hardy, an MU student said.

With the holiday season right around the corner, a few extra dollars will be fueling families' pockets for gifts. 

Columbia driver Adam Hoelting said, "Even if you're saving a couple bucks, that might you know, make you more inclined to get something you wouldn't otherwise have gotten for your family or something."

More than 54 million Americans are expected to travel at least 50 miles for Thanksgiving, which is up 4.8 percent since last year, according to AAA. 

Oil prices dropped last week as the U.S. Energy Information Administration reported the U.S. hit a new record for crude oil production last week.

AAA said crude production has grown globally, including in the U.S., combined with weaker than expected global crude demand. 

In 2017, gas prices plateaued in December and began to slowly rise again in January. 

AAA said the price decline is something all motorists should be thankful for this holiday season. 

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