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Thanksgiving Gas Prices Could Hit Lowest Level Since 2020 — As Cost Keeps Sliding
https://apple.news/AbmRXplMZTlyhFhYPFYRW-Q
Gas prices nationwide have been decreasing for weeks — and are expected to keep falling — ahead of a Thanksgiving travel period that experts and the Transportation Security Administration expect to be one of the busiest in years, but could be the most affordable for drivers since November 2020.
The national average gas price dropped to $3.33 on Thursday, down from $3.39 last week, $3.58 a month ago and $3.73 a year ago, according to data from AAA.
As of Friday, 11 states had gas under $3 per gallon, and the most common gallon price was $2.99, according to Patric De Haan, head of petroleum analysis at GasBuddy.
Mississippi has the cheapest gas in the country as of Friday, averaging $2.81 a gallon, followed by Texas, where gas is $2.83, and Georgia, where the average is $2.84, according to AAA data.
The most expensive gas in the country can be found in California ($5.02), Hawaii ($4.74) and Washington ($4.46).
Data from the Energy Information Administration shows gas demand decreased from 9.49 million to 8.95 million barrels per day last week, and AAA analysts said that the lower gas demand, along with the declining price of oil, are why the pump prices are so low.
“Average gas prices have plummeted in all 50 states in the weeks ahead of Thanksgiving, with $2.99 prices spreading like wildfire just in time for the start of the holiday season,” De Haan said in a GasBuddy press release, adding that drivers this Thanksgiving will save “over half a billion dollars from Wednesday through Sunday” compared to last year.
https://apple.news/AbmRXplMZTlyhFhYPFYRW-Q
Gas prices nationwide have been decreasing for weeks — and are expected to keep falling — ahead of a Thanksgiving travel period that experts and the Transportation Security Administration expect to be one of the busiest in years, but could be the most affordable for drivers since November 2020.
The national average gas price dropped to $3.33 on Thursday, down from $3.39 last week, $3.58 a month ago and $3.73 a year ago, according to data from AAA.
As of Friday, 11 states had gas under $3 per gallon, and the most common gallon price was $2.99, according to Patric De Haan, head of petroleum analysis at GasBuddy.
Mississippi has the cheapest gas in the country as of Friday, averaging $2.81 a gallon, followed by Texas, where gas is $2.83, and Georgia, where the average is $2.84, according to AAA data.
The most expensive gas in the country can be found in California ($5.02), Hawaii ($4.74) and Washington ($4.46).
Data from the Energy Information Administration shows gas demand decreased from 9.49 million to 8.95 million barrels per day last week, and AAA analysts said that the lower gas demand, along with the declining price of oil, are why the pump prices are so low.
“Average gas prices have plummeted in all 50 states in the weeks ahead of Thanksgiving, with $2.99 prices spreading like wildfire just in time for the start of the holiday season,” De Haan said in a GasBuddy press release, adding that drivers this Thanksgiving will save “over half a billion dollars from Wednesday through Sunday” compared to last year.