WASHINGTON, D.C. — With Thanksgiving fast approaching (and maybe the in-laws), the national average for a gallon of gas is steadily declining. Since last week, pump prices have fallen six cents to $3.34. Since the price peak for 2023, the national average has either fallen or remained flat for 60 straight days.Quick Stats
- Since last Thursday, these 10 states have seen the largest decreases in their averages: Montana (−14 cents), Florida (−14 cents), Colorado (−13 cents), Utah (−12 cents), North Dakota (−11 cents), Arizona (−10 cents), Iowa (−10 cents), Kansas (−9 cents), Nebraska (−9 cents) and Nevada (−9 cents).
- The nation’s top 10 least expensive markets: Texas ($2.81), Mississippi ($2.82), Georgia ($2.84), Louisiana ($2.89), Oklahoma ($2.91), Alabama ($2.92), Arkansas ($2.93), Missouri ($2.96), South Carolina ($2.96) and Tennessee ($2.97).
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI decreased by $1.60 to settle at $76.66. Oil prices fell due to reduced market concerns that the conflict in the Middle East will escalate, which could lead to a reduction in regional oil production and higher prices. Additionally, the EIA reported that total domestic commercial crude inventories increased by 3.6 million bbl to 439.4 million bbl last week.
Drivers can find current gas prices along their route using the AAA TripTik Travel planner.
