It is the week before Thanksgiving 2018, and gas prices are continuing to fall thanks to ample global supplies of petroleum.
On Nov. 12, gas prices dropped 21 cents per gallon. This is after prices reached a four-year high in October, when prices were $2.90 per gallon, according to AAA. On Friday, that price dropped even further to $2.65.
Patrick DeHaan is the senior petroleum analyst at the fuel-finding app Gas Buddy. He told USA Today, “Thanksgiving gas prices are getting carved up at a time of year when we’re all used to getting the turkey read. This is a fairly dramatic turnaround.”
However, the national average was higher a year ago when gas prices were $2.56 per gallon.
On Friday, AAA listing states in the South and Midwest that were below the national average.
Delaware, Alabama, Kansas, Arkansas, Mississippi, South Carolina, Oklahoma, Missouri, Virginia, and Texas had retail prices below $2.43 At the same time, Georgia, Florida, Kentucky, Indiana, Maryland, Iowa, Nebraska, Michigan, Tennessee, and Ohio were selling gas below $2.55.
According to Gas Buddy, there were several dozen gas stations in Texas, Ohio, Oklahoma, Missouri, and Louisiana charging less than $2 per gallon on Wednesday.
A Gas Buddy analyst released a statement on Wednesday encouraging motorists to wait to fill their gas tanks after the price of crude oil dropped.
DeHaan said, “Motorists need not be in a hurry to fill their tanks. Today’s sell-off will extend and accelerate the declines seen at the pump, just in time for Thanksgiving. The best tip I can suggest is to shop around for the lowest prices as some stations will pass on the savings after than others.”
It was predicted by AAA that 54 million people will be traveling at least 50 miles for Thanksgiving. Among those 54 million people, 48.5 million are expected to drive. Motorists in New York, San Francisco, and Boston were warned there would be delays and it could take up to four times longer than normal commute time. This was reports by Fortune.
According to INRIX transportation analyst Trever Reed, “Thanksgiving is one of the busiest holidays for road trips, and this year will be no different. Knowing when and where congestion will build can help drivers avoid the stress of sitting in traffic. Our advice to drivers is to avoid commuting times in major cities altogether of plan alternative routes.” INRIX is a mobility analytics company that works globally.
AAA has a handy gas price calculator to determine how much gas will cost for Thanksgiving travel on their website. One can also check gas prices in the area on the Gas Buddy website or use the app.
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