The Norman Transcript

Opinion

November 25, 2009

Thankful for cheaper gasoline

Millions of Americans will travel over the river and through the woods to grandmother (and grandfather's) house this week for the traditional Thanksgiving Day holiday.

Travel is expected to be up slightly but many Americans remain anxious about their jobs and the nation's economy. But the expected 33 million that will travel should find gasoline supplies plentiful and relatively cheap.

Prices average a little over $2.60 a gallon nationally but bargain shoppers can usually find it 20 cents or so less a gallon. (We have seen $2.41 a gallon this week).

Prices for crude oil have remained relatively strong. That's a two-edged sword in Oklahoma as much of the state's economy revolves around oil and gas revenues.

Demand for diesel and jet fuel are down so refiners are turning their crude into gasoline. Price increases, usually timed around spring break and early summer trips, are inevitable.

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