Gas prices have declined for eight weeks in a row, giving motorists a savings bonus just in time for the holiday shopping season and reaching the lowest level for this time of year in nearly five years. The AAA Daily Fuel Gauge Report pegged the national average for regular unleaded at $2.85 a gallon Thursday and said the price was below $3 at more than three-fourths of U.S. gas stations.
AAA said the national average is poised to be the lowest for the Thanksgiving holiday since 2009, when it was $2.63 a gallon as a result of reduced demand due to the recession. The average price for regular unleaded has fallen 49 cents a gallon since the 56-day slide began on Sept. 25. AAA said the consecutive-day slide is the longest since 2008.