Let’s be honest, gas hasn’t been exactly been high the past few months anyway.
Gas prices have been lower because the economy sucks right now. Lower demand for fuel = lower prices.
Same here in Central Texas, but it's been flying around anywhere from $2.29 to $3.19 and mostly in between. Noticeable price changes come weekly and sometimes a few times a week. A week ago, it was $2.35. Thursday, it was $2.84.
I can't complain too much. Back in California, prices would spike upward at the drop of a hat, but they would drop at a snail's pace. At least here in Texas the price drops occur almost at the same rate as the price increases.
I could be wrong on this, but had they not still been drawing the SPR down during the campaign? Albeit at a slower rate?
Still, gas futures are volatile and Trump’s election could have a euphoric effect on trader’s expectations over the coming months. Don’t see how it could happen this quickly, though.