Nov 16, 2023 - News

San Diego gas prices drop ahead of Thanksgiving travel

Data: GasBuddy; Chart: Axios Visuals

Filling up your gas tank in San Diego is getting more affordable, just in time for Thanksgiving holiday travel.

Driving the news: The average price for a gallon of gas is $5.25 as of this month, down 52 cents from October's average, according to GasBuddy.

Reality check: That's still nearly $2 more than the national average and prices are higher locally compared to this time last year.

What's happening: The drop in gas prices is related to lower demand and less expensive blends of winter gasoline, per USA Today.

  • California introduced its winter blend earlier than usual this year, which contains more of a cheaper ingredient that helps cars start at lower temperatures.
  • That can shave 15 to 20 cents off a gallon, according to Doug Shupe, AAA spokesperson in California.

The big picture: Prices are dropping nationwide, with the national average at $3.38, its lowest since January. And prices are expected to keep falling.

  • While gas is more expensive in San Diego compared to last Thanksgiving, nationally prices have gone down.
  • As such, drivers nationally could save nearly $1.2 billion during holiday travel compared to last year, according to Gas Buddy.

What they're saying: "More Americans are planning on hitting the road for the Thanksgiving holiday this year, and it's no wonder why," Patrick De Haan, head of petroleum analysis for GasBuddy, said in a statement.

  • "Average gas prices have plummeted in all 50 states in the weeks ahead of Thanksgiving, with $2.99 prices spreading like wildfire just in time for the start of the holiday season."
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