Gasoline prices are dropping as Thanksgiving travel begins, with more than half of US states seeing prices below $3 per gallon and some stations offering gas for $1.99. The national average is $3.05 per gallon, similar to last year. Coastal states like California still have prices over $4, but the Midwest and Gulf Coast areas are averaging less than $3. Lower demand, winter blends, and falling oil prices are expected to keep prices down. Crude oil prices are also falling, with Brent and WTI futures down over 2% due to negotiations between Ukraine and Russia. Brent and WTI are down 17% since the start of the year.

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