Gas prices are expected to stay low during the Thanksgiving travel period.
That’s according to GasBuddy Senior Petroleum Analyst Patrick DeHaan. He says in spite of rebounding oil prices, many gas stations won’t see too much change in price, “Some of these ultra-cheap stations that are in the $1.50 area may need to tinker with their prices in the days ahead if crude oil prices maintain today’s increase. So I don’t see any huge spikes at the pump, but some of those ultra-low prices you may see bounce a little bit higher.”
DeHaan expects prices to remain low beyond the next few days, as well. “Most of the time through the end of 2015, prices should be at or under $2 a gallon,” he says. “I don’t really see a whole lot of time being spent over $2 a gallon. Certainly, there could be a few days where gas prices rebound to say $2.09 or even $2.15 should something happen at the region’s refiners, but the chances of that are relatively low, so I see most of the time between now and the end of the year under $2 a gallon.”
He says it’s been a while since we’ve seen prices this low, “It looks like the winter should see some of the lowest wintertime gas prices that we’ve seen since the recession. So, though there may be some bumps in the road that result in gas prices rising temporarily, it’s still looking like a relatively pain-free winter at the pump compared to the last few years.”
According to GasBuddy, average gas prices are down nearly a dollar per gallon from this time last year.