ECONOMY

Gas Prices Fall Nationwide Ahead Of Holiday Travel

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Gas Prices Fall Nationwide Ahead Of Holiday Travel

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Sources: 11

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Sources: 11

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.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Refinery maintenance schedules concluded ahead of the Thanksgiving travel period.
OPEC announced production increases planned for December, affecting crude supply expectations.
GasBuddy reported the national average fell below $3 per gallon over the Thanksgiving weekend.
Local outlets published week-over-week declines in Ohio, Michigan, South Carolina, Arkansas, Illinois, and Wyoming.
Analysts indicated completed maintenance and the OPEC move likely contributed to continued downward pressure on pump prices.