Even as gas prices fell in all 50 states on Thursday amid a month-long drop in prices at the pump, experts believe they will still set a Thanksgiving Day record.
over the past week came in Wisconsin, where a gallon dropped 24 cents to $3.503, followed by Michigan, falling 21 cents to $3.92, Indiana and Illinois .
California’s gas is down 8 cents from last week and 68 cents from a month ago, when prices in Los Angeles and San Diego, as several key oil refineries—which produce a petroleum fuel blend—came back online after being shut down for maintenance. The nationwide decline also comes as gas demand decreases from 9.01 million barrels per day to 8.74 million barrels a day over the past week, according to data from the Energy Information Administration,Despite slumping demand and as refineries come back online, however, GasBuddy head of petroleum analysis Patrick De Haan still
Americans will see the “most expensive Thanksgiving Day prices on record,” breaking the previous record of $3.44 in 2012 .Gas prices had skyrocketed from March to June as crude prices spiked following Russia’s invasion of Ukraine, threatening the global energy market, and ashit a 40-year high. The national average peaked at $5.02 on June 14, setting an all-time record and becoming a central issue in the runup to the midterm elections last week.
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