The average retail price for gasoline in the US on Nov. 23 was $2.10/gal, lowest for the first day of the week before Thanksgiving since 2015, according to the US Energy Information Administration (EIA). Receive daily email alerts, subscriber notes & personalize your experience. Register Now The COVID-19 pandemic has wrecked US gasoline demand since March. Crude oil prices, which generally account for about half the retail gasoline price, dropped precipitously throughout 2020, bringing refined product prices with them. The American Automobile Association (AAA) expects a 4% decline in Thanksgiving holiday travel by automobile in 2020 compared with 2019. The demand destruction has gasoline storage busting at the seams. Total US gasoline stocks grew 2.18 million barrels to 230.15 million barrels for the week ended Nov. 20, EIA data showed, nearly 1 million barrels more than the same week in 2019. Unleaded gasoline on the US Gulf […]