AAA says that for the 49 million Americans hitting the road for the Thanksgiving holiday this week, they will pay on average $2.59 per gallon, up two cents from last year. Meanwhile, Californian’s will be paying $3.86 per gallon.
“During Thanksgiving week last year we saw the national gas price average decrease a nickel between Monday and Thursday, that could be the case again this year,” said Jeanette Casselano, AAA spokesperson. “AAA recommends holiday road-trippers use the AAA app to find current gas prices along their route.”
Today, 61% of all gas stations in the country are selling regular unleaded for $2.50 or less. On the week, gas prices are flat.
Pump prices are continuing to decline in the region after prices spiked due to planned and unplanned refinery maintenance over the past month. Increased gasoline stocks have helped to put downward pressure on pump prices, as demand remains robust. According to EIA’s report for the week ending on November 15, gas stocks in the region grew by a hefty 1.9 million bbl, bringing the total to 28.49 million bbl. The current supply level is 1.6 million bbl higher than last year’s level at this time, which should continue to help prices decline ahead of the busy Thanksgiving holiday.
California ($3.86) and Hawaii ($3.65) are the most expensive markets in the country. Washington ($3.34), Nevada ($3.30), Oregon ($3.21), Alaska ($3.14) and Arizona ($2.92) follow. All averages have declined on the week in the region, with California (-9 cents) seeing the largest drop.