Gas prices are starting to head back down after a large spike last week, but they’re expected to stay above last year’s levels as the Thanksgiving travel season approaches. That’s according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “By Thanksgiving, we’ll probably still be paying prices somewhere in the mid-two-dollar-a-gallon range,” he says, “but that should be a drop from the statewide average in Indiana today.”
DeHaan expects them to stay near those levels for the foreseeable future. “The prices will probably still remain elevated in the low-to-mid-two-dollar-a-gallon range, as the price of oil is still near the yearly high at about $54 a barrel,” he explains. “So that will prevent prices from going much further under, say, about $2.20 or $2.25 a gallon.”
He expects that trend to continue through the winter.
