Gas prices falling in Denver just in time for Thanksgiving travel

- AAA Michigan says average gas prices statewide are down 12 cents in the past week to about $2.49 per gallon ahead of the Thanksgiving travel period.'s Todd Horwitz on the outlook for oil and gas prices.

In Pocatello, gas prices have fallen under $3.00 per gallon with prices of $2.85 per gallon at Costco and $2.89 per gallon at Fred Meyer. The increase in price compared to recent years should dissuade some drivers from making holiday trips.

AAA says gas prices in MI for Thanksgiving are at their lowest level in two years. "With gas prices decreasing in almost every city every day since mid-October, travelers should be shopping around to find the stations that have passed along the big savings".

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Gas prices have fallen amid a record-setting slump in the USA oil market.

Plummeting prices for crude oil due to strong production and global supplies combined with weakening demand.

The drop in gas prices comes just in time for the busy Thanksgiving travel week where 48.5 million people are set to hit the roads - which is an increase from a year ago, according to AAA.

In South Florida, where the cost of doing business keeps prices higher than the rest of the state, a gallon of gas on Tuesday averaged $2.56 in Broward County, $2.65 in Miami-Dade County and $2.64 in Palm Beach County.

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