(WASHINGTON) — Gas prices are continuing on downward trends heading into the Thanksgiving holiday.
It’s not a huge decline, but gas prices are down two cents more in the past week. The average price of regular unleaded gas is now $3.43 a gallon, according to the Energy Department. That’s six cents higher than a year ago at this time.
Patrick DeHaan of GasBuddy says, aside from tensions in the Middle East, there are no supply problems in the immediate future.
“The Northeast is still obviously battling from remnants of Sandy and supply pressures there, which have meant higher prices,” he says. “But throughout the rest of the country refineries aren’t really at the forefront. Things are just humming along, refineries coming out of maintenance and that’s keeping pressure to the downward side of prices.”
DeHaan says he expects prices will continue in this range in the coming winter months.
“We would expect that prices will remain very close to where they are today, that is the national average will probably hover in the mid-$3 range,” he says.
California still has the most expensive gas in the country, but it’s coming down. The Energy Department says gas is down eight cents more in the past week to $3.78 a gallon.
Copyright 2012 ABC News Radio
Paul Menser, BizMojo Idaho
Julia Horowitz, CNN
Susan Scutti, CNN