Thanksgiving Travel Will See Lower Gas Prices


Oil prices have fallen 20% from their peak in August as a milder winter and decreased consumption has lowered demand, just as the refiners are bringing capacity back to full strength. As I traveled yesterday, we saw prices from a low of $2.12 per gallon in Atlanta to a high of $2.29 in Chicago. So the panic over prices for a gallon of gasoline are not going to remain at the 3 dollar a gallon level that some predicted over the summer.

 My brother in law drove through Canada last night and saw prices around $2.50 cents there with their higher tax structure, and saw a low of $2.05 cents a gallon in Michigan.

(More of the story)

Posted November 19, 2005 by
Energy, Travel | 4 comments

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