Gas prices likely to reach holiday high

TYLER — Motorists will probably pay record-high gasoline prices for the Thanksgiving holiday weekend.

Regular gas is likely to average $3.37 a gallon next week — up a whopping 51 cents over last Thanksgiving, according to price tracker GasBuddy.com. Adjusting for inflation, that's about 1 cent higher than 2007's previous holiday high of $3.08.

The holiday record comes even as prices have been falling. Gas averages $3.40 a gallon — nearly 15% below June's $3.98 peak. Most industry watchers forecast further 2011 declines.

Click here to read the full report on USA Today.
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