Reported 2 months ago
As Thanksgiving approaches, national average gasoline prices in the US are expected to drop below $3 per gallon for the first time in three years, coinciding with a return to pre-pandemic travel levels. AAA forecasts 71.7 million car travelers during the holiday week, leading to increased traffic but lower fuel costs as prices continue to decline, driven by reduced crude oil prices and high refinery output. While gasoline demand has rebounded year-on-year, refiners are still facing challenges, and air travelers benefit from lower international flight costs.
Source: YAHOO