ANALYST: Gas Prices Will Definitely Fall Below $3 By Thanksgiving

Thanksgiving tips

Photo: Eugene Kim / Flickr

USA Today’s Gary Strauss talked to an energy analyst yesterday who says crude prices, and subsequently the prices of gasoline, still has a long way to fall.Average U.S. average gas prices currently stand at $3.40 and have moved straight down since April in response to macroeconomic sluggishness. 

“The market is suggesting gas below $3 by Halloween, and certainly by Thanksgiving,” Tom Kloza of the Oil Price Information Service tells him.

Read Strauss’ full story on USA Today

SEE MORE – The 11 Factors That Determine Gas Prices 

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.