How Far Will Gas Prices Fall? Analyst Makes Thanksgiving Prediction
Summary
GasBuddy analyst Patrick De Haan forecast that the national average price of regular gasoline would fall to $3.59–$3.69 per gallon by Thanksgiving, with diesel at $5.85–$5.95. He attributed seasonal declines mainly to cheaper winter-blend fuel and lower demand after summer, while the EIA projected higher average prices for 2027 than in its previous outlook.Key Facts
- De Haan said gas prices were $3.89 per gallon and diesel was $6.09 when he issued his Thanksgiving forecast.
- AAA reported a national average gasoline price of $3.9081 per gallon on Thursday, down from $4.1003 a week earlier and $4.3556 a month earlier.
- The national average remained above its year-earlier level of $3.0752 per gallon, according to AAA.
- GasBuddy counted 32 states with average gas prices below $4 per gallon and said the total could rise to 35 the next day.
- The EIA forecast average 2027 prices of $3.73 per gallon for gasoline and $5.03 for diesel, respectively 5 percent and 12 percent above its October forecasts.
- The EIA said it expected global petroleum-product supply constraints to continue through the end of 2027.
- AAA listed California and Hawaii as the states with the highest average prices, at $5.6349 and $5.6362 per gallon, respectively.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
