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OIL PRODUCTS: US Gasoline Prices Fall for Sixth Straight Week: GasBuddy

OIL PRODUCTS
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US gasoline prices have fallen for a sixth straight week, down 1.4 cents/gal to average $3.01/gal Nov. 25, according to GasBuddy. This is the lowest level since May 2021.

  • Gasoline prices are down 11.2 cents/gal on the month and down 23.7 cents/gal on the year.
  • “Ahead of Thanksgiving, motorists continue to be teased by the prospect of a $2.99 per gallon national average, a level now seen in 32 states. But for the last few weeks, the stars just haven’t quite aligned,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
  • “Some promotions ahead of Thanksgiving are pushing gas prices back down, even as oil remains elevated. For now, we’re just pennies away from the national average falling to $2.99, but for a third year, we may again fall short.”
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US gasoline prices have fallen for a sixth straight week, down 1.4 cents/gal to average $3.01/gal Nov. 25, according to GasBuddy. This is the lowest level since May 2021.

  • Gasoline prices are down 11.2 cents/gal on the month and down 23.7 cents/gal on the year.
  • “Ahead of Thanksgiving, motorists continue to be teased by the prospect of a $2.99 per gallon national average, a level now seen in 32 states. But for the last few weeks, the stars just haven’t quite aligned,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
  • “Some promotions ahead of Thanksgiving are pushing gas prices back down, even as oil remains elevated. For now, we’re just pennies away from the national average falling to $2.99, but for a third year, we may again fall short.”