Wait Until You See How Much Gas Will Cost in a Month From Now

Gas prices are going the right direction. Gas Buddy said $3.65 to $3.70 a gallon yesterday

And although it was about 20 cents cheaper a while back, before popping up in price, it  looks like the prices are going back down, and uncommonly just in time for Thanksgiving travel.

But there is even more news coming.

First comparing prices to last Thanksgiving, $3.65 to $3.70 is about 30 cents higher than last Turkey day.

And 20 cents higher to the previous record high of $3.44 set in 2012.

Everything seems to be more expensive this Thanksgiving, like turkey and everything else at the grocery store, so why not gas I guess.

But that news?

It’s good.  Very good, and it comes from Patrick De Haan, head of petroleum analysis at GasBuddy.

Everyone will be seeing relief at the pump this week, with even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel.

 

It’s not impossible that if oil markets hold here, we could see a national average of $2.99 around Christmas, certainly the gift that every motorist is hoping for.

 

Drivers shouldn’t be in a rush to fill up as prices will come down nearly coast-to-coast into the heavily traveled Thanksgiving holiday.

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One more time. $2.99 by Christmas.  Ho Ho Ho.

One more thing to look forward to and to be thankful for.