Analysts point out that gasoline prices historically hit lows between Election Day and Christmas week, but energy trader John Kilduff, a partner at Again Capital, also argues that the holiday season could fuel demand.

“You’d expect an uptick at the pump during that Thanksgiving time period, but I would not expect a lot though, and you could see it falling off at the end of this year,” Kilduff said in the CNBC article.

United States Gasoline Fund

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Max Chen contributed to this article.