Thanksgiving gas prices lowest since 2009

The national average price of regular gasoline fell for a 60th straight day as millions of Americans prepared to hit the road for Thanksgiving travel.

AAA reported that the national price for a gallon was $2.81 Tuesday. , the lowest since Thanksgiving 2009, when prices were at $2.63 a gallon.

That could mean what is typically the busiest travel day of the year in the United States could get even busier — AAA estimated that 46.3 million people could choose to drive over Thanksgiving, a 4.2 percent increase over 2013.

The dip in gas prices could also mean more traffic from Black Friday shoppers — for every 1 percent drop in gas prices, Americans save $3.7 million, according to the the National Association of Convenience Stores. The savings could provide extra cash for more purchases.

AAA noted that Thursday’s meeting of the Organization of Petroleum Exporting Countries will probably affect gas prices. Analysts have been divided leading up to the meeting on whether Saudi Arabia will cut production to buoy crude oil prices that continue to hover below $80.

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