Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Gas prices will keep going lower - AAA's Sinclair

Wednesday, November 25, 2015 - 03:14

AAA New York spokesperson Robert Sinclair says consumers have a lot to celebrate this weekend with lower gas prices, and that they will go below $2 a gallon nationwide soon. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

The gas prices have more Americans hitting around this year for the Thanksgiving holiday and most of back in eight years. Amy now is to late Robert Sinclair great to have you to be with how well castrate. We're at 206 a gallon nationally and at 75 cents a gallon below where we were last year. And we think it's the impetus along with strong car sales were a lot of people travelling mostly says. Quite a few years and gasoline prices it looks like will be continuing to go lower we anticipate that we'll be below two dollars a gallon nationwide. Military we get to Christmas so motors probably soak it. And already. Odds updates twenty states across the nation now below two dollars a gallon and its its diverse across the geography of the country Michigan. Illinois and lots of states along the Gulf Coast where we have a lot of oil and gas infrastructure not just a technicality at the travelers account. Our defense yesterday travel and work and travel and I think it it both maybe some people who weren't going to travel at all now going to travel and a greater distances of course that the traffic situation. And Eads on that but it certainly is a strong motivated for people who get behind we. When people are asked preface that change their perception of the economy and maybe they're overall that. It's all politics is local disposal economics very much so people women have lower gasoline prices refinements that personal economy is better. And we're finding that some key economic factors are playing this well that play into this as well personal wealth is up household net worth is of personal income. All these factors play in the people getting out there hitting the roads for Thanksgiving. After an awful hour airfares lower by about 10% averaging about a 169. Dollars for the top forty air fares. Across the country that certainly helps but bill overwhelmingly 89% of those who trample over Thanksgiving going to. What is different this year it's very different feeling. A month after Thanksgiving sort of more relaxed less stressful about the economy when they see these gas prices prompt. A little bit it's it's been incremental these last few years we're seeing a little bit more every year travel 300000 more this year compared to last. Continuing a trend that we've seen you know economy is crawling back slowly. I think that's where people aren't things a little bit better and they they feel a little bit better about themselves in the economy and and reflective of what they're going to do it it should be very interesting Black Friday and shopping season how that plays given what we've seen. And well you know it'll probably be good time we're seeing a lot of the retailers now are engaging in some very interesting practices from getting away from Black Friday completely. So I'm doing opening on Thursday's. And people are going to think voting with their cars and their feet going to it's the what's going on in the stores we've got a lot of on line things going. Where a lot of online retailers are setting things up so that perhaps there might be a little bit of a decline. And those who my travels the brick and mortar stores it'll be interesting to see how this this dynamic is going to play the next few weeks. Will that affect thank you very much welcome. I think two triplet Robert Sinclair and by the rebel deaths is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Gas prices will keep going lower - AAA's Sinclair

Wednesday, November 25, 2015 - 03:14