Gas prices could fall close to $2 by Thanksgiving

Gas prices in the United States will be "closer to $2 than $3 come Thanksgiving," says Fred Rozell, gasoline analyst at the Oil Price Information Service. The U.S. average for a gallon of gasoline peaked this year at $3.036 on August 10th. It then fell a two-month low of $2.89 on August 25th. That downward trend is likely to continue through autumn, Rozell told USA Today. The price of oil fell to $69.71 a barrel yesterday -- the lowest level since May 4th. Wholesale gas prices are also falling rapidly, meaning stations are making more money than when prices were $3. Prices were around $1.78 yesterday -- compared to the normal $2.00-plus over most of the summer.