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)

If you liked this post, you may also like these:

The Environmentalist War on the Price of Gasoline,

Gasoline Prices Falling??? Could be close to $2.00 by Thanksgiving … Just in Time For Midterm Elections

Aruba Economy: Price increase 0.8 percent … CPI increased with 3.11 percent this year to 136.84

Want to Go To The Final Four in Atlanta? Be Prepared to Pay Up!

For the Northeast: The Weather Outside is Frightful (Winter Blizzard 2006)

Comments

Leave a Reply