{"id":16656,"date":"2025-11-27T07:29:35","date_gmt":"2025-11-27T07:29:35","guid":{"rendered":"https:\/\/cnews.topnewsource.com\/?p=16656"},"modified":"2025-11-27T07:29:35","modified_gmt":"2025-11-27T07:29:35","slug":"a-thanksgiving-windfall-gas-prices-approach-four-year-low-travelers-give-credit-to-trump-administration","status":"publish","type":"post","link":"https:\/\/cnews.topnewsource.com\/?p=16656","title":{"rendered":"A Thanksgiving Windfall: Gas Prices Approach Four-Year Low, Travelers Give Credit to Trump Administration"},"content":{"rendered":"

Americans are getting an early holiday gift at the pump this Thanksgiving, with gas prices creeping near their lowest level in four years. The <\/span>national average for a gallon of regular gasoline is hovering just above the $3 mark<\/span><\/b> , a welcome relief for the tens of millions hitting the road.<\/span><\/span><\/p>\n

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Cruising Towards the Holiday<\/span><\/b><\/span><\/p>\n

According to data from AAA, the national average stood at a precise <\/span>$3,055 per gallon<\/span><\/b> on Tuesday, down slightly from $3,077 just a week prior. This trend marks the second consecutive year of Thanksgiving gas prices falling below those recorded back in 2020, a year when the drastic pandemic reduced demand and caused prices to crater. The affordability is critical this season, as an estimated <\/span>73 million out of 82 million<\/span><\/b> total expected travelers are planning to journey via car.<\/span><\/span><\/p>\n

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The Economics Behind the Drop<\/span><\/b><\/span><\/p>\n

Experts attribute the sustained decline largely to favorable market conditions. <\/span>\u201cOverall demand is low this time of year which helps keep pump prices down,\u201d<\/span><\/b> noted AAA. A significant factor is the steep drop in the price of <\/span>crude oil<\/span><\/b> , the base commodity for gasoline. Patrick de Haan, the head of petroleum analysis at GasBuddy, points out that the global benchmark price for Brent oil has fallen approximately <\/span>17% since June<\/span><\/b> , clocking crude in at around $63.40 per barrel. Furthermore, the national average has seen few major fluctuations in 2025 thanks to persistently low crude oil prices and the absence of major storms impacting Gulf Coast refineries.<\/span><\/span><\/p>\n

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Regional Relief and Political Context<\/span><\/b><\/span><\/p>\n

The downward trend has put pump prices under $3 per gallon in several states, including <\/span>Georgia, South Carolina, North Carolina, Virginia, Indiana, Ohio, Minnesota, and Texas<\/span><\/b> , among others. This is a dramatic reversal from the figures seen during the previous administration. In the summer of 2022, gas prices skyrocketed under the Biden administration, with the national average hitting a record high of <\/span>$5,016<\/span><\/b> on June 14, 2022. Just five days later, diesel also broke its record, averaging $5,816 per gallon nationally. This recent trend follows a victory moment reported in October, when gas prices finally dipped below $3 for the first time in four years\u2014a milestone the current Trump administration, with its hyper-focus on affordability, is touting as a major success and a fulfillment of its promises. As GasBuddy’s Patrick De Haan stated at the time, the $2.99 \u200b\u200bnational average arrived at the earliest date seen since the pandemic-driven lows of 2020.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Americans are getting an early holiday gift at the pump this Thanksgiving, with gas prices creeping near their lowest level in four years. The national average for a gallon of regular gasoline is hovering just above the $3 mark , a welcome relief for the tens of millions hitting the road. Cruising Towards the Holiday…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-16656","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=\/wp\/v2\/posts\/16656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16656"}],"version-history":[{"count":0,"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=\/wp\/v2\/posts\/16656\/revisions"}],"wp:attachment":[{"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cnews.topnewsource.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}