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Falling prices at the pump mean extra holiday cash

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BATON ROUGE- The price of gas has dropped as low as $2.30 a gallon in the Capital City and the savings at the pump mean more cash for the holidays.

"I could add in the iPads or something like that, that I wouldn't normally be able to afford," said Louise DeBose, who says she's saved as much as $300 pumping gas this year.

The price could hang low for sometime, according to economists, it's one reason why they think retailers are excited for the holiday shopping season.

"It's good because the less we spend on gas the more we can spend elsewhere," said Larry Russo, who was filling up at Sam's Club on Mall Drive.

Sam's Club has the lowest gas prices starting at $2.30 for members and $2.35 for people without a membership, while Costco also has gas at $2.35 for members.

Economist think the price may drop even lower if OPEC decides to drive down costs in an effort to lure US oil producers away from their drilling projects.

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