By Matt Egan, CNN
4 minute read
Updated 12:44 PM EST, Fri November 17, 2023
The last time it was this cheap to travel by car for Thanksgiving, almost no one was on the roads.
Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast.
The national average price of regular gasoline is down by 55 cents a gallon over the past two months to $3.33, according to AAA. This exceeds the typical seasonal drop in gas prices during the fall and leaves the national average at a 10-month low.
If prices stay near current levels, this would be the cheapest gas price on Thanksgiving Day since 2020 when Covid-19 caused many Americans to stay off the roads altogether. That year the national average sat at just $2.12 a gallon — though many people didn’t get to take advantage of it.
A steep selloff in the oil market on Thursday, described by one Wall Street bank as a “bloodbath,” mean gas prices could keep sinking in the coming days.
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Article URL : https://www.cnn.com/2023/11/17/business/gas-prices-thanksgiving-inflation-oil/index.html