U.S. Gas Prices Stay Low Ahead of Thanksgiving Holiday

So far this year, no state has had its average daily price of gasoline break $3 per gallon.

​WASHINGTON, D.C. November 23, 2016; Drivers hitting the road for the Thanksgiving holiday have even more reason to give thanks, as for the first time in years, pump prices are staying under $3 per gallon, UPI reports. AAA reported that the national average retail cost of regular unleaded gasoline was $2.13 per gallon yesterday, around 9 cents per gallon lower than the previous month.

“This year will go down as the first in over a decade that no state—not even traditionally pricey Hawaii or California—has seen its average daily price breach $3 per gallon,” said Patrick DeHaan, a senior analyst with GasBuddy.

As usual, the West Coast states continue to sport the highest pump prices in the country, while the Great Lake states have experienced the most volatility in gasoline prices recently because of maintenance at an Indiana refinery.

Meanwhile, OPEC members will come together at the end of November to discuss the proposed production ceiling first put on the table in September. The Organization of Petroleum Exporting Countries may have to get non-member nation support to keep such an agreement. Brent crude oil has risen nearly 20% ahead of the expected deal.