Gas Falls in Time for the Holidays

Written By Brianna Panzica

Posted November 21, 2011

Crack out the cranberry sauce recipes and fire up the oven.  Thanksgiving is just around the corner.

And as the holidays rush up, gasoline prices are receding.

That’s good news for the all those travelers who have been pinching their pennies and watching the pump prices with bated breath.

As Mail Online reports, prices have relaxed in the past few weeks due to economic fears and the switch out of daylight savings time.

When the days get shorter, people drive less, and this loss in demand has pushed prices down.

According to Bloomberg, the average price of gasoline is $3.38, down about 5 cents from the average two weeks prior.

Of the cities surveyed, prices are highest in San Francisco, at $3.78 per gallon, and lowest in Albuquerque, New Mexico, at $2.96 per gallon.

But consumers everywhere are saving at least a little from a few months ago.

This will leave some extra money for more green bean casserole.

Crude oil prices have risen in the two weeks ending November 18, up to $97.41 according to Bloomberg.  But analysts expect oil to decline in the coming weeks.

The falling gas prices are a nice break from the high prices of this summer, but travelers will be spending quite a bit more to get to their loved ones than they did last Thanksgiving.

As Mail Online reports, this year’s average is about 51 cents higher than last Thanksgiving.

But that’s not stopping travelers.  AAA expects around 42.5 million people nationwide to travel this year, up 4% from last Thanksgiving.

Who cares if prices are higher than last year? Compared to the summer, these prices are a nice break.

So have that sweet potato pie ready, because more people are coming to dinner this year.

That’s all for now,


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