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OIL PRODUCTS: Lower Gasoline Prices May Support Thanksgiving Travel

OIL PRODUCTS
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The U.S. national average gasoline price may fall below $3/gallon ahead of Thanksgiving travel, serving it a boost according to Gas Buddy’s lead analyst Patrick De Haan speaking on CNBC.

  • 32 states have an average price below $3/gallon at present.
  • Last year inflation was zapping consumer confidence to hit the road at Thanksgiving, which is expected to significantly improve this year. TSA is also expecting record air travel.
  • AAA estimates a record 80 million people will travel this Thanksgiving, up by 1.5mn people vs last year. 
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The U.S. national average gasoline price may fall below $3/gallon ahead of Thanksgiving travel, serving it a boost according to Gas Buddy’s lead analyst Patrick De Haan speaking on CNBC.

  • 32 states have an average price below $3/gallon at present.
  • Last year inflation was zapping consumer confidence to hit the road at Thanksgiving, which is expected to significantly improve this year. TSA is also expecting record air travel.
  • AAA estimates a record 80 million people will travel this Thanksgiving, up by 1.5mn people vs last year.