Gas prices fall, record still in reach

Chico’s gas prices have decreased dramatically since peaking at $4.52 a gallon on Oct. 10.

The average price of gas in Chico fell by 12.3 cents last week to $3.64 a gallon, 5.3 cents lower than rates on the same day last year, according to GasBuddy.com. The state average has fallen from an all-time high of $4.67 a gallon on Oct. 8 to the current average of $3.75. But Patrick DeHann, an analyst for GasBuddy.com, thinks the nation will still see record-high rates over the holiday.

“While gasoline prices have dropped in the last month and a half, the national average will still come close to breaking a record—the highest ever national average for Thanksgiving,” DeHaan said.