If you’re sitting in traffic while reading this, take heart: you’re paying the lowest Thanksgiving gas prices since 2010, according to the EIA.
The national average stands at $US3.27. This time last year we were about $US0.25 higher. Chart:
Brent crude prices, which determines the price of gasoline, have fallen steadily since the end of summer thanks to a relatively mild Gulf storm season and subdued geopolitical risk, though they’ve come up a bit in the past two weeks on reduced OPEC output. They’re now back to $US111 a barrel.
Here’s the gas price map. According to GasBuddy, the country’s lowest gas prices can be found in Tulsa, Okla., at $US2.909.