The national cost of a gallon of gas is at 2.24, up from two weeks ago when it was at 2.18. Still it is a far cry from August and the 3.00 mark. Last year at this time the average cost of a gallon of regular gas was not much lower than it is right now. Whenever we have peak travel times there is a rise in cost of fuel that is normal and since there is no short supply of fuel right now we can attribute the small increase in gas on that.
Even with OPEC discussing more cuts in production in December our supply is in good shape.If they do cut the production it will not affect our gas prices right away since we do have an ample supply on hand, but in the early months of 2007 we could feel it with prices rising again.
With the price of a barrel of crude oil at just over 58.00, the winter season, so far, having been mild, and our gas supply high are some reasons we don't have to be worried right now about prices of gas changing too much. We may see it go a few cents up or down, but we are not likely to see the jumps we saw earlier this year.
There doesn't seem to be any belief that the gas prices will change much for the rest of this year, so we can relax for the holidays ahead, and spend our money on gifts and entertaining.
It will be nice to talk turkey rather than gas prices for awhile, so enjoy it while you can. Have a wonderful Thanksgiving and if you are going out on the road, drive carefully.