According to AAA, the average price for a gallon of gas around the nation is $2.24.  In just one month, gas has dropped more than a dollar, which is 86 cents less than the same time last year.  It is common to see a drop after the summer driving season, however, we haven’t seen a summer that has been so expensive since 2008.  So, could we witness $2 gas for the Thanksgiving holiday?

Gas prices have been lowering at a rate of around 3 cents a day over the last month, and we have 17 days until Thanksgiving will be here.  Calculations would mean that gas would be $1.73 by the holiday, right?  Not exactly.  This is the time when gas prices will level off, traditionally. Yet, it wouldn’t be difficult to speculate that gas prices could be around $2 by the time we sit down to eat our turkey dinner.

It’s hard to believe how gas prices have fluctuated since they were over $4 per gallon.  Consumers have become cautious and are buying fuel-efficient cars with a good auto warranty instead of gas-guzzlers.  So, will people begin purchasing large vehicles again?  We’ll have to wait and see.