It looks like America has yet another thing to be thankful for this coming Thanksgiving. If trends continue in the gas industry, the average price of gasoline in the United States may very well fall to $1.99 on Thanksgiving, the lowest it has been since 2004, according to USA Today.
Tom Kloza, global head of energy analysis for Oil Price Information Service, states that gas prices this low on Thanksgiving has not happened in a number of years.
"We had lower prices in 2008 and 2009 but not for Thanksgiving. The cheapest markets are in the Great Lakes states. Ohio, Michigan, Illinois - very, very cheap gas there," he said.
On average, gas prices this year are already far lower than last year's average prices. From last year's $2.81 per gallon, this year's average has already reached $2.14. The price is also the lowest since January this year when gas prices reached a very low average price of $2.07 per gallon, reports The International Business Times.
With the lower gas prices, and if gas does fall below the $2.00 mark on Thanksgiving, the average American driver is expected to save as much as $75 during the holiday season. This amount is, of course, substantial, especially since the holiday season usually equates to millions of Americans hitting the road.
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