Drivers enjoy sudden gas price drop before Thanksgiving road tri - FOX 8, WVUE, fox8live.com, weather, app, news, saints

Drivers enjoy sudden gas price drop before Thanksgiving road trips

Drivers enjoy sudden gas price drop before Thanksgiving road trips

A gallon of gas in the New Orleans area goes for about $1.95 in the run-up to the Thanksgiving holiday.  (Source: FOX 8 graphic) A gallon of gas in the New Orleans area goes for about $1.95 in the run-up to the Thanksgiving holiday. (Source: FOX 8 graphic)
NEW ORLEANS, LA (WVUE) -

Drivers across the country can count on spending less than expected to take a Thanksgiving road trip.

Industry analysts suspect at least two factors are at play in the recent gas price drop. They note OPEC has not been able to come to an agreement on production cuts. They also note oil exploration companies may favor the election of Donald Trump because the President-elect thinks the U.S. should export oil and gas to help grow the economy. 

A gallon of gas in the New Orleans area goes for about $1.95 in the run-up to the Thanksgiving holiday. One month ago, the average price was $2.05 a gallon.

Copyright 2016 WVUE. All rights reserved.

Powered by Frankly