Javier Blas: U.S. retail gasoline prices see largest two-day drop in 18 years

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12.11.2026

Javier Blas: U.S. retail gasoline prices see largest two-day drop in 18 years — U.S. gasoline prices post steep decline

U.S. retail gasoline prices have recorded a large drop for the second consecutive day, with Wednesday marking the biggest single-day decline in 18 years and Thursday the second largest.

Javier Blas, energy and commodities columnist, added that if wholesale market levels remain unchanged, retail gasoline prices in America would reach an eight-month low by Thanksgiving weekend.

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Earlier this week, Javier Blas described a decline in WTI 3-2-1 refining margins to about $55 a barrel, the lowest since early September. He also referred to Brent oil trading at $90 as an anomaly, given recent U.S.-Iran tensions. These developments follow the latest drop in U.S. retail gasoline prices.

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