Gas prices are falling just in time for Thanksgiving, but they still are slightly higher than last year during the same holiday weekend.
The price of a gallon of unleaded regular averages $3.429 in the Energy Information Administration's weekly survey released today, down from $3.449 a week ago and $3.492 two weeks ago.
While gas prices are down, they're up a bit from the $3.37 price of a year ago over the same week, according to both the EIA and the AAA's Fuel Gauge Report.
Easing prices couldn't come at a better time. Thanksgiving is traditionally one of the busiest travel weeks of the year. AAA, formerly known as the American Automobile Association, expects 43.6 million Americans will travel 50 miles or more from home during the Thanksgiving holiday weekend, up 0.7% over the same period last year. Of those, 90% will travel by car.
It's expected to be the fourth consecutive year of higher travel.
In the government report, the most expensive gasoline in the country remains in California at $3.783 a gallon, down from $3.85 a gallon last week. The cheapest sector is the refinery-rich Gulf Coast, where gas is $3.166 a gallon, down from $3.205 a gallon.