Gas Prices Drop to $3.05 as Thanksgiving Travel Hits Record Levels
AAA reports the national average for regular gas has fallen to $3.05 as of November 25, offering relief just as Thanksgiving travel reaches historic levels. An estimated 81.8 million Americans are expected to travel at least 50 miles this week, with nearly 72 million driving.
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Prices are now lower than the $3.20–$3.70 range seen from 2022 through 2024 and well below the late-2021 peak above $3.40. Analysts attribute the decline to cheaper crude oil, strong refinery output, and softer demand following summer.
Gas costs still vary sharply by region. Oklahoma averages about $2.50, while California remains above $4.60.
AAA says the drop should put extra money back in drivers’ pockets as the holiday rush begins.