Gas Prices Fall Nationwide Ahead Of Holiday Travel
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United States. GasBuddy data showed the national average gasoline price fell below $3 per gallon over the Thanksgiving weekend, and local outlets reported week-over-week declines in multiple states this week. Drivers in Ohio, Michigan, South Carolina, Arkansas, Illinois, and Wyoming saw averages fall between 5 and 26 cents per gallon, with some stations reporting prices under $2 a gallon. Analysts cited completed refinery maintenance and planned OPEC production increases for December as contributors to downward pressure on oil and pump prices. Markets and agencies provided station-level data to support the reported changes. Based on 11 articles reviewed and supporting research.
More context
Timeline
- 1. Refinery maintenance schedules concluded ahead of the Thanksgiving travel period.
- 2. OPEC announced production increases planned for December, affecting crude supply expectations.
- 3. GasBuddy reported the national average fell below $3 per gallon over the Thanksgiving weekend.
- 4. Local outlets published week-over-week declines in Ohio, Michigan, South Carolina, Arkansas, Illinois, and Wyoming.
- 5. Analysts indicated completed maintenance and the OPEC move likely contributed to continued downward pressure on pump prices.
Sources
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