Gas prices hit 4-year low

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Gas-pump

SAN DIEGO, Calif – The average price of a gallon of gas has now hit a 4-year national low at $2.55 per gallon. In San Diego, the average price fell 2.8 cents Thursday night to $2.77 according to AAA.

That’s the lowest price in San Diego since 2009 and the largest daily decrease since November 2, 2012. The average price has decreased in San Diego 77 of the last 78 days, a total dip of almost 93 cents. Prices are 85 cents cheaper than during the 2013 holiday season. Officials  contribute the dramatic falloff to a spike in crude-oil production in North America and a strengthening of the U.S. dollar.

The organization Airlines for America says December 19 will be the busiest travel day of the year, and that 45 million Americans are expected to travel by air between December 17 and January 4. 99 million more Americans are expected to travel more than 50 miles by car this year, up 4% from 2013.

The most expensive gas in the continental U.S. is in San Francisco, selling for $3.04 per gallon. The lowest price is in Albuquerque, N.M., where prices are as low as $2.38 per gallon.