Gasoline prices are expected to drop below $3 per gallon before Thanksgiving, coinciding with an increase in holiday travel that is predicted to reach pre-pandemic levels.

This decrease in fuel prices will provide relief to drivers, despite the anticipation of heavy traffic during the holiday season. Current retail fuel prices are already at their lowest point since January, just slightly above the levels seen in 2021.

Analysts suggest that prices will continue to decrease, as West Texas Intermediate crude oil remains at its lowest levels since September, which is good news for consumers at the pump.